Japanese automakers resume overseas production
NHK -- Jul 07
Japanese automakers are moving beyond the plant shutdowns stemming from the coronavirus. They've brought most of their overseas facilities back online as they gear up for recovering demand.

The companies have been gradually reopening their plants mainly in Europe and the US since May.

Many governments eased restrictions and automakers were able to resolve parts shortages. Toyota resumed operations at plants in Brazil and Portugal between late June and early July. Only facilities in Venezuela remain offline.

Nissan has resumed production at all overseas plants except for those in South Africa.

Honda meanwhile has brought its overseas facilities back online except for Indonesia and Brazil. Meanwhile Mitsubishi and Suzuki have restarted operations at all overseas plants.

The total production of Japanese automakers in China has so far exceeded last year's figure, pointing to a recovery.

But automobile demand in other parts of the world has not yet returned to its original level.

News source: NHK
Aug 07
Official figures indicate that Japanese households may be recovering from the economic impact of COVID-19. Spending was down in June, but by a much smaller margin than the month before. (NHK)
Aug 07
Japan's powerful business lobby, the Keidanren, is dominated by energy-intensive sectors that represent less than 10 percent of the economy, resulting in national policies that favour coal and hindering attempts to combat climate change, a new study said. (aljazeera.com)
Aug 07
Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. (krmg.com)
Aug 06
The average summer bonus at major Japanese companies this year dropped 2.17 percent from a year earlier to ¥901,147, a Japan Business Federation survey showed Wednesday. (Japan Times)
Aug 06
Uber Technologies has begun to offer a food delivery subscription in Japan that replaces per-order fees, tapping into the growing demand from consumers holed up at home from the coronavirus. (Nikkei)
Aug 05
Japan’s decision to offer an initial group of 87 companies subsidies totalling US$653 million to expand production at home and in Southeast Asia has sparked debate whether the world’s third largest economy is trying to gradually decouple from China. (scmp.com)
Aug 05
About 60 percent of people in the nation who developed cold-like symptoms during the first wave of the novel coronavirus pandemic, between February and May, went to work despite a request by the government for them not to do so, a recent survey has found. (Japan Times)
Aug 05
McDonald's Holdings (Japan) has staged a dramatic comeback in the five years since a crisis triggered by food-safety scandals, breaking sales records and thriving on takeout demand in the middle of a pandemic. (Nikkei)
Aug 04
Nippon Steel decided on Tuesday to immediately appeal a South Korean court ruling that took effect the same day that allows for the seizure of company assets as compensation for wartime labor during Japanese colonial rule. (Nikkei)
Aug 04
A survey by credit research firm Teikoku Databank shows 400 businesses in Japan have gone under due to the effects of the coronavirus pandemic. (NHK)