Japan Car Sales Fall to Lowest Since 2011 on Tax Increase
Japan’s auto sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping in the world’s third-largest economy following a sales-tax increase.
Vehicle deliveries fell 9.1 percent from a year earlier to 333,471 units, the lowest since August 2011, according to industry figures released today. Sales rose for seven straight months before the April 1 tax increase. - (bloomberg)