Japan 'ready to aid GM suppliers' | News | Al Jazeera

Japan 'ready to aid GM suppliers'

Japan ready to help to domestic automakers hit by GM bankruptcy.

    Japan says it will take necessary measures if GM's collapse affects the economy [GALLO/GETTY]

    "Should the need arise, we will consider measures,'' he said on Monday.

    'Relative calm'

    Worries about GM's future have topped the news for months in Japan - where some of the world's automakers, including the Toyota Motor Corporation and Honda Motor Company, are located.

    But the response has been relatively calm, attributed to a weakened GM expected to provide a growth opportunity for Japanese car-makers with their strength in smaller, fuel-efficient vehicles.

    However, Japanese auto executives have tried to keep a relatively low profile about GM's woes because of a history of "Japan-bashing'' in the 1980s, when they were criticised as taking away American jobs with their exports to the United States.

    Now, many Japanese cars are assembled in US factories by American employees.

    Toyota surpassed GM as the world's biggest car-maker by annual vehicle sales last year.

    But the decline in US vehicle sales since the global financial crisis hit last year has sent Toyota into its worst loss since its founding in 1937.

    While GM struggles to penetrate the Japanese market, it is a leader in China - the world's second-biggest vehicle market - where its sales have been rising.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The State of Lebanon

    The State of Lebanon

    Amid deepening regional rivalries what does the future hold for Lebanon's long established political dynasties?

    Exploited, hated, killed: The lives of African fruit pickers

    Exploited, hated, killed: Italy's African fruit pickers

    Thousands of Africans pick fruit and vegetables for a pittance as supermarkets profit, and face violent abuse.