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Toyota increases share buyback plan to reflect share levels, Bloomberg reports

Toyota increases share buyback plan to reflect share levels, Bloomberg reports

Toyota Motor bumped up the size of its share buyback to 1.2 trillion yen, or $8.3B, as the world’s largest carmaker enjoys strong demand in its main markets of Japan, Europe and North America, Bloomberg’s Nicholas Takahashi reports. This means the company will likely buy back as much as 3.93% of its shares. The decision was based on “recent share price levels,” the company said.

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