ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Japan car exports plunge 40% as parts shortage bites

September marks first year-on-year drop in seven months

The COVID-19 pandemic, global chip crunch have hit Japan's auto shipments.   © AP

TOKYO (Kyodo) -- Japan's car exports in September fell 40.3 percent from a year earlier, as supply chain disruptions in Southeast Asia due to the coronavirus pandemic and a global semiconductor crunch forced domestic automakers to cut output, government data showed Wednesday.

Auto shipments marked the first year-on-year drop in seven months and the sharpest decrease since a 49.9 percent dive logged in June last year amid the initial shock of the pandemic, according to a preliminary report by the Finance Ministry, in a development that could put a damper on the nation's economic recovery.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more