Economy
Monthly figures show impact of Daihatsu safety test scandal
Daihatsu Motor suspended production at its domestic factories in late 2023 due to a safety scandal. (Photo by Yo Inoue)
TOKYO — Japan’s economy shrank an annualized 0.5% in January from the previous month due to a decline in auto production and sales stemming from a safety scandal at Daihatsu Motor, according to estimates compiled by the Japan Center for Economic Research.
The Japanese automaker halted output at its domestic factories from late 2023 over the safety test scandal.
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