Honda raises full-year operating profit forecast on weaker yen
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TOKYO (Reuters) - Honda Motor Co raised its forecast for full-year operating profit by 6% as a weaker yen increased the value of overseas sales. The Japanese automaker raised its operating income forecast to 730 billion yen (£5.1 billion) for the year to March 31 from a previous estimate of 690 billion yen. It adjusted its expectation for the yen to average 108 to the dollar for the 12-month period from a prior forecast of 107. A weaker currency buoys profits because exports become less..