Japan vehicle market edges up in October [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
The domestic market has begun to stabilise after a prolonged period of production stoppages at Toyota Motor Corporation, following the safety-test rigging scandal at its Daihatsu subsidiary at the end of last year. The group was ordered to halt production for several months of a number of key models which are also shared with other affiliated brands, including Toyota, Mazda and Subaru. The latest macroeconomic data shows that the Japanese economy grew by 2.9% year-on-year in the second quarter, after shrinking by 2.3% in the first quarter, driven by a recovery in private consumption - including consumer spending and business activity. Growth is expected to have slowed to 1.6% in the third quarter, following the strong rebound in the second quarter. The government under newly elected Prime Minister Ishiba Shigeru is expected to introduce new policies aimed at driving up domestic economic growth, including efforts to lift wage growth and household incomes, revitalise regional econo
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