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Toyota's president predicted a drop in car exports.

January 14, 1987

Shoichiro Toyoda estimated that Toyota Motor Corp. will realize record high sales of autos in Japan this year, while exports will continue to decline due to the high value of the Japanese yen. Toyota's exports fell last year by 100,000 units to 1.88 million cars and are expected to drop to 1.82 million this year, Toyoda added at a news conference. In the domestic Japanese market, he said Toyota expects to sell 1.81 million cars, up from an all-time high of 1.75 million in 1986.

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