Japan's car exports face new pressure
News On Japan via foxbusiness.com -- Jun 29
Japan's three largest auto makers are signaling plans to shift more production overseas to deal with the strong yen, moves that may mark the end of the country's role as one of the world's biggest auto export hubs.
Toyota Motor Corp., long the country's biggest automotive exporter, will have an underutilized factory in northern France build a version of its Yaris subcompact for the U.S., cutting exports from Japan. It is the only model from any of the Japanese Big Three to be exported from continental Europe to the U.S., reflecting the plunge of the euro versus the yen and dollar.
All three of Japan's biggest auto companies -- Toyota, Nissan Motor Co. and Honda Motor Co. -- have been slowly shifting production abroad over the past decade, reflecting the yen's rise against other currencies and faster growth in overseas markets. Last month, a Honda executive said it is not pushing some exports to the U.S., including its Honda Fit subcompact, because the strong yen has rendered the exports barely profitable.
|
May 18
| China cracks down on over-the-top anti-Japan dramas |
| China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters ) |
|
May 17
| Man kills 3 family members, then himself |
| Police said Friday they have found four dead bodies in an apartment in Kashiwa, Chiba Prefecture, in what is believed to have been a family murder-suicide. (Japan Today ) |
|
May 17
| Chinese tourists a bane for Japanese hookers |
| Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter) |
|
May 17
| 6 dead in freighter fire at Wakkanai |
| Six sailors were found dead after a fire on a foreign freighter docked at a port in Hokkaido, northern Japan.
The sailors are presumed to be Russians. (NHK ) |
|
May 17
| Employee of real estate company stabbed in Tokyo |
| Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today ) |