Despite the strong yen, Japanese auto exports rose 7.3 percent in January to 365,288 vehicles, that’s up for the 13th straight month, reports The Nikkei [sub]. Exports weren’t strong enough to out-balance the Japanese car market that contracted 21.5 percent in January.
As a result, domestic production in Japan dropped 6.3 percent to 706,107 units in January. This is the fourth straight month of decline, the Japan Automobile Manufacturers Association reported today.
A lot of executives at Japanese carmakers wish they would be doitsu, or German.
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