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Nissan Motor Co. is set to report a smaller-than-projected operating loss for the latest quarter, as the automaker reduces costs ahead of schedule, a person familiar with the matter said.

The accelerated cost cuts mean that the quarterly loss will be about ¥150 billion ($1.4 billion), said the person, who asked not to be identified because the information isn’t public. That’s less than analysts’ average prediction for a ¥253 billion loss for the fiscal period ending June.

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