Thai Flood Impacts Seriously on Japan Automakers, JAMA

Japan Automobile Manufacturers Association’s chairman Toshiyuki Shiga said at monthly press conference on Thursday Thai flood could impact severely on the business if the recovery process would take long time. He said 9 member companies stop all of the Thai plants as of Monday due to direct or indirect impact of the flood while the members’ Thai plants normally make 6,000 units per day or around 30,000 units per week and export to other countries.

Mr. Shiga said the automakers can procure from other countries including Japan while the makers couldn’t do it just after the major earthquake in Japan. He said the makers study various options to resume the supply chain. He said Japanese automakers would resume the operations with the manufacturing expertise while he has no specific schedule for the resumption.

Mr. Shiga also repeated Japanese government should address historical high yen for Japanese economy.