Production in the United States was 55,000 in April, a reduction of 83%. 287,500 vehicles were produced in Japan, a decrease of 61%. In mainland China, production returned to 426,900 units, an increase of 6%. Among them, Nissan and TOYOTA fell sharply by 62% and 54.4%, respectively, setting the largest declines since 1972 and 2004.
Japan's domestic economic recovery capacity is weak. The Bank of Japan’s June national short-term economic observation survey of companies showed a sharp decline in sentiment. Affected by the COVID-19 epidemic, the severe situation centered on the automobile and machinery industry in the manufacturing industry continues. On the one hand, there is a tendency for the retail industry to recover, and digital investment in supporting home office is also beneficial to some industries. The Bank of Japan’s June National Short-Term Economic Observation Survey data released on July 1 showed that the current economic recovery capacity is weak. The index of prosperity judgment DI, which indicates the prosperity of the next three months, among large companies, the manufacturing industry is -27. Although it has increased by 7 percentage points, it is still negative. Non-manufacturing industry was -14, only rising by 3 percentage points. Toyota's global production in May was 366,000 units, a year-on-year decline of 54%, the largest decline since statistics were available in 2004. Global sales were 577,000, a 32% year-on-year decline. With the exception of the 20% growth in the Chinese market, all other markets are in constant hardship. On the one hand, there are signs of improvement in Japan. In June, the domestic sales of new vehicles (including light vehicles) in June, which was released on July 1, were 347,371. The year-on-year decline was 22.9%. This was an improvement from May, which was a 44.9% decline. The president of a car sales company said that "the recovery has occurred compared with April to May." The movement of automobiles has affected many industries. Crude steel production in Japan fell 23.5% year-on-year in April and 31.8% in May. Large-scale enterprises such as Japan Iron and Steel have suspended the operation of the blast furnace and have no plans to restart it. Employee temporary leave implemented by various companies is also expected to continue. On the non-manufacturing side, Japan's retail industry is showing signs of recovery. The five large department stores on June 1 announced that June sales were all reduced by 10% to 20% compared with the same month of the previous year, and the decline narrowed. Daimaru Matsuzakaya Department Store stated that "It is difficult to actively attract customers due to the gathering of control personnel," but the summer sales started from the first half of June. Unlike the time of the Lehman crisis, there are now companies that use digital investment as the outlet. Tokyo Electronics’ fiscal 2020 (as of March 2021) consolidated sales are expected to reach an all-time high of 1.28 trillion yen. The background is that the investment for 5G is officially launched, and the amount of data communication in the home office has skyrocketed. The company's president, Kawasaki Kawasaki, said, "Facing the new normal, the importance of semiconductors has further increased." Software investment is also very strong. The president of V-CUBE, which is engaged in an online conference system, immediately stated that "consultation increased to 10 times of the previous year." ServerWorks, which provides a personal computer environment via the cloud, stated that "after the declaration of emergency, the demand for home office has not stopped."
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