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Toyota Set to Rebound, Japan Investor Says

How are car-recall issues at Toyota reverberating in Japan?

Abe: Japanese people deep in their hearts are sympathetic. Yet, Toyota had to correct many things. They really created a dynasty that has been successful for such a long time. They have to reflect about what went wrong. That said, the things that they did wrong were really far less than the things they did well. So I am a strong believer that Toyota will revive. As a matter of fact, their base earnings are clearly reviving at a yen level of 90, according to what the company announced. So once they get over these problems in an honest and a clear manner, I am sure Toyota will be the one to lead the auto industry.

-- Reported by Gregg Greenberg in New York.

Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.
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