Japan FJ 2024 The industry performance falls by 1.6% as an automotive quality scandal

Tokyo (Kyodo) – Japan's industrial production fell by 1.6 percent in the 2024 financial year compared to the previous year.

The production index in factories and mines at the end of the year that ended March was 101.3 against the 10020 base of 2020, the Ministry of Economics, Trade and Industry said in a provisional report.

The annual index of industrial shipping fell by 2.0 percent to 100.0, while the inventory sank by 1.0 percent to 98.6.

The start of the start came when the car manufacturers were reduced after an industry -wide quality scandal in the financial year in the financial year, whereby the index for the auto industry had dropped by 3.1 percent, according to the ministry.

Toyota Motor Corp. and Mazda Motor Corp. were among the manufacturers who briefly stopped production after they had admitted that they did not fully pursue state standards for vehicle security tests.

The output in steel and all-purpose machines also fell.

The country's industrial production in March has fallen by 1.1 percent by 1.1 percent for a month earlier, which was burdened by a decline in auto and electronic device production, according to the ministry. In February there was an increase of 2.3 percent.

The index of the industrial programs decreased by 2.8 percent to 98.7, while the inventory rose by 0.9 percent to 101.8.

Of the 15 industrialectors that cover the survey, 10 reported a decline in production, with production in the automotive industry decreased by 5.9 percent. Five sectors recorded production growth.

Based on a survey among manufacturers, the Ministry expects 1.3 percent in April and 3.9 percent in May.