There is a set of economic factors such as the rate of inflation, currency exchange rate, macro-economic climate in the country and in the industry, cost of labor and tax rates that have direct or indirect implications on Toyota revenues. Particularly, currency exchange rate fluctuations is a major macro-economic factor that directly affects Toyota reported revenues. For example, company’s operating income for the fiscal year 2014 benefited from ¥900.0 billion boost due to weakening of the Japanese yen against both the USD and EUR.