The Trump-led Republican Party suffered a historic defeat in the U.S. midterm elections, while Toyota Motor announced its interim results for the current fiscal year. As the impact on Japanese companies and consumers draws attention, an expert said the outcome would be positive.
In the U.S. midterm elections on the 3rd, the Democrats made major gains and secured majorities in both chambers of Congress, while Trump's Republicans suffered a historic defeat.
On the 5th, Toyota Motor announced its interim results for the current fiscal year. Operating profit rose by ¥185.4 billion from the previous period to ¥2.1911 trillion, and the full-year operating profit forecast was raised by ¥500 billion to ¥3.9 trillion.
Takahide Kiuchi (木内 登英) of Nomura Research Institute said concerns about tariffs and higher prices could ease, taking the view that this would be positive for Japanese companies and consumers.