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Supply constraints irk Japanese firms

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TOKYO:

Global parts and chip shortage is taking a heavy toll on Japanese firms with seven out of eight automakers seeing global output drop in September, casting doubt over the central bank’s view that the impact of supply constraints will be temporary.

Toyota Motor said on Thursday it saw global output slump 39.1% in September from a year earlier to 512,765 units, marking the second straight month of falls.

Read Japan startup targets supercar users with $700,000 hoverbike

Nissan Motor’s global output fell for the third straight month by 27.9% in September, while that of Honda Motor dropped for a four-month in a row, by 30%, data released by the automakers showed.

Published in The Express Tribune, October 29th, 2021.

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