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Toyota aims to produce more than 10 million autos in 2014: Report

Published on Jan 11, 2014 12:55 PM

TOKYO (AFP) - Toyota Motor is aiming to produce more than 10 million vehicles in 2014, a bullish target that could boost other industries in Japan, a report said on Saturday.

The Toyota group's production may fall temporarily after April, when Japan increases the consumption tax from five to eight per cent, the Asahi Shimbun newspaper said.

But the impact of the tax hike should be blunted by a lowering of the automobile acquisition tax that will also become effective from the new fiscal year starting April, the Asahi said.

With Japan's economic recovery set to remain solid, Toyota expects its production will pick up from the autumn to achieve the target, the newspaper reported.

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