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|Tokyo-based Honda Motor Co. reported Friday a 36 percent jump in profit for October-December on year Adidas NMD Pink Shoes For Sale , shrugging off damage from a strong yen, and the Japanese automaker raised its full year forecast.
Cost cuts lifted fiscal third quarter profit to 168.8 billion yen ($1.5 billion), up from 124.1 billion yen the previous year. Also helping was the absence of earlier huge expenses for recalls over supplier Takata Corp. air bags Adidas NMD Red Shoes For Sale , which had eaten into profits up through the fiscal second quarter.
Quarterly sales edged down 3 percent to 3.5 trillion yen ($31 billion) from 3.6 trillion yen. Honda said vehicle sales were strong in China and in the U.S., however, thanks to the release of new models.
Honda Adidas NMD Grey Shoes For Sale , which makes the Odyssey minivan, Asimo child-like robot and Super Cub motorcycle, raised its full fiscal year profit forecast to 545 billion yen ($4.8 billion).
That was up 58 percent from 344.5 billion yen a year ago Adidas NMD White Shoes For Sale , when Honda was hit by expenses for the Takata recalls. Honda had earlier expected a 415 billion yen ($3.6 billion) annual profit. It said a more favorable exchange rate would likely help.
Defective inflators have set off excessive explosions in Takata air bags, spewing shrapnel into the passenger compartment, killing at least 16 people worldwide.
That has resulted in the largest auto recall in U.S. history Adidas NMD Black Shoes For Sale , affecting 69 million inflators and 42 million vehicles. About 100 million inflators have been recalled worldwide.
Almost all the world's major automakers have models affected by the Takata recall, but Honda is among the most exposed because it has had a close relationship with Takata. Honda expressed hopes that the worst of such expenses was behind it.
Last month, Takata agreed to plead guilty in the U.S. and pay $1 billion in fines and restitution over a lengthy scheme to conceal the deadly defect in millions of air bags. Three former Takata executives were also indicted in the case.
In forecasts announced Friday Adidas NMD Pink For Sale , Honda said it now expects to sell 5 million vehicles in this fiscal year, up from 4.7 million the year before, up slightly from its earlier projection to sell 4.98 million vehicles.
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A total of 350 vehicles are to be loaded on a cargo ship for export at a port in Lianyungang， east China's Jiangsu Province， Jan. 9， 2016. (Xinhua file photoWang Chun)
BEIJING， May 8 (Xinhua) -- China recorded weaker growth momentum in exports and an accelerated decrease in imports in April， showing persistent pressure on the economy due to feeble domestic and external demand.
China's exports in yuan-denominated terms rose 4.1 percent year on year in April， while imports dipped 5.7 percent， the General Administration of Customs (GAC) said Sunday.
Export growth in April was milder than the 18.7-percent increase in March， while imports fell at a faster pace compared with the 1.7-percent drop in the previous month.
China's exports remained positive but continued to be affected by weak global demand， said Bloomberg chief Asia economist Tom Orlik.
Another drop in imports was a surprise， as firmer commodity prices and a weaker yuan should have buoyed the figure， Orlik wrote in an analysis note.
HSBC chief China economist Qu Hongbin said the import drop in April was steeper than expected. Qu viewed it as evidence of a shaky recovery in domestic demand.
Meanwhile， slower export growth showed external demand will remain subdued in the short term， he said.
In the January-April period， exports dropped 2.1 percent year on year while imports went down 7.5 percent， leading to a trade surplus of 1.11 trillion yuan， widening 16.5 percent from a year earlier.
Foreign trade edged down 0.3 percent year on year to 1.95 trillion yuan last month， while foreign trade for the first four months combined slipped 4.4 percent to 7.17 trillion yuan.
"A run of lackluster data shows the economy holding steady at the start of the second quarter， but failing to maintain the momentum evident at the end of the first quarter，" Orlik said.
The tepid trade data were in line with a drop in the country's manufacturing activity indicator. China's purchasing managers' index came in at 50.1 in April， down slightly from 50.2 in March， an official survey showed earlier this month.
China's economy expanded 6.7 percent year on year in the first quarter of 2016， the slowest growth since the global financial crisis hit in early 2009. But a slew of upbeat economic data in March raised hopes for a stronger turnaround than expected.