Car exports flooding into Europe from Japan

Thu, 27 Sep 2007



The Japanese managed to almost quadruple their trade surplus over the course of August, due to inflamed demand for new cars throughout Europe and Asia . Knock-on effects from the damaged American economy may yet hamper the rising demand, but in the vehicle industry at least, all signs are healthy.

Carmakers in Japan reported a 22 per cent increase in value on one year ago. The July earthquake that disrupted many production lines is a distant memory now, as major carmakers such as Honda and Toyota bounce back into full production.

Aided and abetted by the success of their cars across the globe, Japan is in the midst of a long period of economic expansion. Despite all of the positive news, experts warned that the crippled US sub-prime mortgage market could still impact on Japanese exports.
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