Japanese manufacturers decide to reduce production in Japan
- Japanese manufacturers have announced that they will reduce the volume of their car production in Japan from April 1, due to lower global demand due to the coronavirus crisis, which has caused the containment of a significant part of the world's population and the temporary closure of many car dealerships.
- Japan is not as affected by the Covid-19 epidemic as China, Europe or the United States, but this country exports a lot of cars to foreign markets which show a sharp drop since mid-March , and it is not certain that the Japanese market will remain at a good level in the coming weeks.
- In 2019, Japan exported 1,217,127 vehicles worldwide (much of it to North America), including 1,103,194 passenger cars.
- These exports represented 12.5% of Japanese production last year, a proportion which tends to decrease from year to year, as the production of Japanese factories established abroad increases.
- These exports therefore represented just over a month of production. It is therefore likely that the factories in Japan will close for about a month, unless the Covid-19 epidemic arrives in Japan in the coming weeks.
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