Japan carmakers face $250 mln in lost China output, new risk
News On Japan via Reuters -- Sep 20
Japanese automakers, led by Nissan Motor Co, have lost an estimated $250 million in output because of anti-Japan protests in China this week and now face the risk that sales will sputter in the world's largest car market.
Chinese protesters took to the streets this week in response to an escalating dispute with Japan over ownership of a group of isles in the East China Sea, prompting Japanese automakers including Toyota Motor Corp, Honda Motor Co and Nissan to temporarily halt operations at plants in China.
Lost production volume from those suspensions amounted to around 14,000 vehicles as of Thursday, according to an estimate by IHS Automotive. That would mean immediate lost revenue of about $250 million, based on an average vehicle sticker price of about $18,000 for the Japanese brands.
That toll could rise. Toyota said some of its China plants are still suspended, without specifying. Honda also has two factories halted, while Nissan has resumed operations.
Nissan has been the most successful Japanese automaker in China, and is most exposed now. Its projected sales in China account for 27 percent of its global sales volume, compared with 18 percent for Honda and 11 percent for Toyota.
Industry executives and analysts said automakers would be able to make up for lost output by running more overtime.
A 24-year-old woman was in a serious condition Friday after being stabbed by a man whom she reported to police for stalking her in Kurashiki, Okayama Prefecture. (Japan Today )
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 )
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 )
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)
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 )