Japan's Vehicle Production Up 20.8% in August

By Siwaporn Bumroongpan

Vehicle production in Japan rose for the tenth consecutive month by 20.8% year on year in this August to 690,689 units, up from 571,773 units in an earlier August due to solid government buying incentives, The Japan Automobile Manufacturers Association said Thursday.

IRCo has its own view that the Japanese have benefited from the strengthening yen against the U.S. dollar and other rival currencies because they can buy vehicles at very comfortable prices in the wake of persistent deflation. That also boosts imported volume of natural rubber (NR) to Japan and NR prices in the world market.

(irco.biz)