October 15, 2012

Japanese Car Sales Down in China

Japan Times, Japan Times

AP Photo

Since the dispute over the Senkaku Islands in the East China Sea (which are known as the Diaoyu Islands in China), Japanese car sales have plummeted in China. Earlier this month, Toyota announced its Chinese sales have dropped by nearly half from the same month a year ago. Honda, Nissan and Mazda all reported their sales down by over a third. Those dropped sales, along with the vandalizing of businesses, street protests in front of Japanese stores, and lower sales of other Japanese goods make the purchase price of the three islands in the Senkaku chain, ¥2 billion from the government's contingency reserves, look much, much more expensive.

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TAGGED: Asia, Senkaku islands, China, Japan

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