Following the coronavirus pandemic and a nationwide recession in Japan, exports of Japanese-made cars halved in April and reached a low of about 168,000, down from more than 340,000 in March. Sales within Japan fell equally from a high 580,000 in March to only 218,000 units in May, according to the Japanese Automobile Manufacturers Association.
Car exports were especially hard hit by the coronavirus slump. Overall exports fell only by approximately 22 percent - the biggest decrease since the 2009 recession.
According to Al-Jazeera, Toyota expects an 80 percent drop in its annual operating profit, while Mitsubishi said they expected an even bigger drop of 89 percent. While production numbers were not yet affected in March, Toyota has said it would decrease output by more than 120,000 cars in June.