21 June 2012, Japan’s Nissan Motor is cutting production in Japan.

Starting next month Nissan will end production of four models of cars in Japan. It amounts to 15% of Nissan’s Japanese production.

The move comes after Nissan reported a profit of $4.29 billion USD for the Japanese year ending in March.  Company officials say the production cut is meant to offset surging production costs, and declining car sales in Japan.

The rising value of the yen is also making it more difficult to sell cars made in Japan to other countries.

Nissan officials say they will try to keep workers employed by assigning new jobs to them.