Honda cuts operating profit forecast; to buy back $915 million shares
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TOKYO (Reuters) - Honda cut its annual profit outlook by about 10% to a four-year low, citing a firmer yen, and said it would buy back $915 million shares over the rest of the financial year.Japan's No.3 automaker now expects an operating income of 690 billion yen for the year to March 2020, the lowest since the year-ended March 2016, from 770 billion yen previously.Honda expects the yen to average 107 versus the dollar over the period, from a previous assumption of 110 yen.A stronger currency..