Honda raises operating profit forecast by 21%

Sales projection: Honda booth at an auto show in Detroit, Michigan. The carmaker says it will probably maintain US sales volume this year, even as industry-wide sales may slide from last year’s record. — Reuters

It cites impact of favourable forex rates after yen weakened

TOKYO: Honda Motor Co raised its forecast for full-year operating profit for a second time this fiscal year, citing the impact of favourable foreign exchange rates after the yen weakened with the election of US President Donald Trump.