Japan government to work with carmakers, suppliers to minimize virus impact

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEC0Q1B5_M.jpg
© Reuters. Japan government to work with carmakers, suppliers to minimize virus impact© Reuters. Japan government to work with carmakers, suppliers to minimize virus impact

TOKYO (Reuters) – Japan’s economy ministry on Thursday said it would set up a team including the country’s automakers, suppliers and the government to discuss and prepare measures to minimize any impact from the coronavirus outbreak on its auto industry.

“It’s too early to see any major impact from the outbreak, but we don’t want to be late in any response, if needed,” said Futoshi Kono, head of the automobile section at the Economy, Trade and Industry Ministry.

Output at some Chinese plants operated by Japanese automakers and their suppliers remains suspended as China’s manufacturing sector struggles to restart after an extended Lunar New Year break, hindered by travel and quarantine restrictions imposed to curb the epidemic.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment