Japanese stocks fell
Japanese stocks fell, led by makers of cars and tires, after Toyota Motor Corp. said profit will probably drop for the first time in a decade and Bridgestone Corp. reported a decline in earnings.
Toyota, Japan’s largest company by value, tumbled the most in five weeks after saying profit will likely slide 27 percent this year. Smaller rivals Honda Motor Co. and Nissan Motor Co. also sank. Bridgestone, the world’s No. 2 tiremaker, said net income fell in the first quarter amid rising raw materials prices.
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