Japanese automakers' domestic output plunged 62 percent in May amid pandemic
Japan Times -- Jun 30
The domestic production of eight major Japanese automakers in May plunged a record 61.8 percent from a year earlier to 287,502 vehicles due to factory closures and falling demand amid the novel coronavirus pandemic, data released by the companies showed Monday.

The decline, which followed a 46.7 percent drop in April, was worse than the previous record fall of 60.1 percent in April 2011, when a massive earthquake and tsunami in northeastern Japan triggered extensive supply chain disruptions.

Mazda Motor Corp. said its domestic production in May dived 83.6 percent following an 86.5 percent plunge in April, while Nissan Motor Co. logged its biggest monthly decline of 78.7 percent in May. Subaru Corp. also saw a record monthly fall in domestic output of 77.8 percent in the reporting month.

Toyota Motor Corp. said the pandemic caused its global output in May to plunge 54.4 percent from a year earlier to 365,909 vehicles, the sharpest fall since comparable data became available in 2004.

Japan’s biggest automaker also said its global sales fell 31.8 percent to 576,508 vehicles in the reporting month, though that was an improvement from a 46.3 percent drop in April.

News source: Japan Times
Jul 09
Struggling businesses and other clients have left Japanese banks with record outstanding loans for a third straight month. (NHK)
Jul 09
Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. (Japan Today)
Jul 08
Torrential rains in southwestern Japan forced more plants to close Tuesday as floodwaters poured into factories, knocked out power and threatened to cover roads. (Nikkei)
Jul 08
Japan's labor ministry says over 32,000 workers have been discharged by their employers or faced contract nonrenewal amid the coronavirus pandemic. (NHK)
Jul 08
Whenever people want to sell their car for any reason, they wish to go through the process of selling as smoothly as possible. During this marketing process of their car, people make common mistakes again and again that costs them in the low-profit margin. Enlisted below are 5 common mistakes done by the people in selling their vehicle. (newsonjapan.com)
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. (NHK)
Jul 05
Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned. (Nikkei)
Jul 05
A long-time plan to develop Tokyo as a major international financial center is getting a new twist -- prompting skeptics to reassess their views. (Nikkei)
Jul 04
Business sentiment improved for the first time in nine months in June, thanks to the resumption of economic activity nationwide, credit research company Teikoku Databank Ltd. said Friday. (Japan Times)
Jul 04
A Turkish judge on Friday released pending trial the four pilots and an aviation company manager accused of aiding former Nissan Motor Chairman Carlos Ghosn's escape from criminal custody in Japan. (Nikkei)