Nissan's Shutdown Is a Fender-Bender for Japan's Industrial Output
- Stoppage at six plants expected to cut into IP numbers
- Broader economy is seen strong enough to take the hit
Nissan Halts Japan Production Over Quality Control
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Nissan’s suspension of vehicle production at six plants may ding industrial output, but it shouldn’t slow the broader economy much.
"Production has been halted, so it’s likely that it’ll have at least some impact on industrial production," said Kazuo Momma, executive economist at Mizuho Research Institute and former BOJ chief economist. "In terms of impact on GDP, it depends on when production restarts, but overall the Japanese macro economy is doing well at the moment, so it’s uncertain how much of an impact it will have.”