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November 05, 1994|From Times Staff and Wire Reports

Nissan's Losses Widen Due to Strong Yen: Japan's second-largest auto maker said its net losses were sharply worse in the first half of the fiscal year as a result of slumping domestic sales and an unfavorable exchange rate. Nissan Motor Co. put its net loss at $548 million for the six months ended Sept. 30. Nissan lost $335 million in the same period last year. Increases in the yen's value over the past year have eaten away at export profits as they are converted to the Japanese currency. Nissan abandoned its earlier prediction that it would break even for the year and projected a net loss of $613 million.

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