Automakers see untapped market as Japanese 'paper drivers' ease onto the roads

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Ryota Kawamata hadn't driven for more than a decade, but as Japan's COVID-19 crisis worsened in May, his employer near Tokyo rented him a car so he wouldn't have to use public transport.

Demand from lapsed drivers elsewhere, such as the United States, China and other countries where social distancing has become the norm, could also help soften the coronavirus blow for car makers.

Over the past three decades, car sales in Japan have fallen from a peak of 7.8 million vehicles in 1990 to 5.2 million last year. Demand for spaces more than doubled nationwide and jumped by five times in parts of Japan’s capital during the state of emergency declared in April compared with February, before the coronavirus crisis took hold, according to Akippa spokeswoman Ayako Ishikawa.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stock futures turn higher as European stocks gain groundReversing early losses, U.S. stock futures undefined turned higher Thursday, as did European markets, with the German DAX undefined rising 0.7%. The see-saw... We called all this weeks ago - It's NOT back to normal. SEE WHY: Plausible-deniability ensure all suicides caused by DeptVetAffairs are not prosecuted. Without accountability for the crimes, VA perpetrators continue helping upregulate veterans suicide. Vet's EARNED and DESERVE help. It's time for a complete-care organization.
Source: MarketWatch - 🏆 3. / 97 Read more »

These 10 stocks were the most bought on Robinhood over the last week | Markets InsiderRobinhood, the zero-commission brokerage platform that is popular with millenials, has seen a surge in trading volume as the market entered ... buy $NAK and JoinTheMovement of gold. $12.00 stock at $1.45. Grab it low! Way to not pump anything I own you jerks
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. labor market improvement stalling; second wave of layoffs seenThe number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession. Why is it that 20+ million jobless claims are hardly recognized, but a 1.5 million dip in unemployment is considered a victory by this administration? 20+ million losing jobs in a short period is certainly alarming. They need help. Give them the importance that they deserve. They'll go up 20% when Florida (if ever) fixes their ancient system. Residents have been trying since March and get nothing but 'lip service' from DeSantis & co. They're in the wrong line:
Source: Reuters - 🏆 2. / 97 Read more »