Japan’s top finance bureaucrat Kazuyuki Sugimoto said on Monday that problems at General Motors were not causing major turmoil for the Japanese auto sector.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


But he added that Japan would closely watch developments at the US automaker to avoid any impact on the Japanese economy.


“We can’t say that there won’t be any impact in the process of rebuilding GM,” the vice finance minister told a news conference, Reuters reported.


“Each Japanese maker has been taking steps accordingly so I don’t see big confusion occuring,” he said.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now