for more, we're joined by cnbc's kaori enjoji in tokyo. kaori, good to see you. what now?estors make of what nissan has been saying? >> well, this is a very disappointing report card from japan's second largest automaker. i'm at their headquarters right now. the ceo of the company making a rare appearance at a first half result meeting because usually he wouldn't show up appear these kinds of things. i think dmid admitting the fact, he used his words, that they are operationally soft. you mentioned the headline figures, net profit estimates being cut by 20%. there are a number of reasons behind this. i think primarily, though, it's the weakness that they're facing in the emerging markets where they had been banking on so much growth. specifically, markets like brazil, india, also china in that equation. and they also, as you pointed out, announced a management reshuffle where the number two man, his right hand man for many years is going to go. that is is the chief operating officer. let's first hear what mr. gohn had to say at this press conference. >> many of these chang

joining us for more from tokyo is kaori enjoji. good to see you again.are they saying now about their annup sales forecasts? >> this clearly means that toyota is on its way to being the world's largest automaker in terms of sales again this year. because, remember, when the yen is weakening from 80 to 100 roughly over the last 12 months, this is going to have a big impact on the company like toyota, which is exporting heavily, much more so than the other japanese automakers. so that has been behind the rally that we've seen in the equity markets. so on today's numbers really are confirmation of those expectations in the market. they're now expecting net profits to hit $16.95 u.s. that is just a hair bro the record profits registered in 2008, right before the lehman crisis. so toyota is selling particularly well in the u.s. market. they were particularly upbeat in the news conference today about prospects for the u.s. market going forward. so now we're in the second face of so-called abe-nomics. where we want to see the reform, the government is hoping th