Toyota lifts annual outlook but eyes Trump uncertainty

TOKYO: Japanese auto giant Toyota on Monday revised up its full-year forecast but warned of an uncertain outlook with the car industry bracing for possible protectionist policies under US President Donald Trump.

The company, which lost its crown as the world’s top-selling automaker last year, said a drop in the value of the yen had allowed it to lift its earnings, despite a fall in its nine-month net profit.