(NEW YORK) -- Despite 11 million recalls, mostly in its key U.S. market, and a soaring yen, Toyota's earnings for the quarter ending September 30th are up. Toyota boasted earnings of 9,678 billion yen, or $1.2 billion. That's a 15 percent increase over last year.
The company credits 90 billion yen in cost reductions and strong sales in Asia.
Experts sound a note of caution over the near future as Toyota predicts a much smaller profit for the second half of the year. The strength of the yen is presenting a big challenge.