To chris wright, the man responsible for signing Spandau Ballet. The New York Times is offering people a brexit tour of london. It is the brexit means brexit tour. Were asking you today whats your most memorable tour and was it that expensive . Just use the hashtag bbc Business Live. Hello and welcome to Business Live. We start with the worlds second biggest car maker, toyota, which has just reported its latest set of financial results. Its not good news. Full year profits are down 21 . This is the first time in five years that the company has reported a drop in earnings. Our correspondent Rupert Wingfield hayes is in tokyo. Rupert, what more can you tell us about the figures . Good morning, rachel. It is a fall for toyota as expectedment more than expected, but its still, you know, if profits of 16 billion are bad then it is a problem that a lot of companies would like to have, but thats a fall to 1. 83 trillion yen and there is expectation that it will fall again this Financial Year
joining me now is seijiro takeshita, dean professor school of management and information at the university of shizuoka. good to talk to you, seijiro. thank you. good to talk to you, sei iro. thank you-i good to talk to you, sei iro. thank you. just for our global audience thank you. just for our global audience can thank you. just for our global audience can explain - thank you. just for our global audience can explain why - audience can explain why japan s authorities, in particular the central bank, is doing everything it can to stop the end getting any weaker. well, the benefit of weakening the yen for the benefit of japanese exporters is great. of the negativity of prices is certainly a predicament. a good example is toyota, they are expecting for march 2023, to push 1 trillion yen of profit, but the negativity of material price rise prize rise request for the prize companies for 1.6 trillion yen, a year to year