Ripple effects from the earthquake and tsunami in Japan continued to be felt by the U.S. work force this week as Japanese automakers announced cuts in plant production at North American factories. While the cuts were expected, the news signals the long road ahead for Japan's economy, the world's third largest, and how other nations will be affected.
Japan's big three - Honda, Nissan and Toyota - and the global auto industry are increasingly hampered by parts suppliers in Japan who are struggling in the aftermath of the worst disaster to strike the island nation since World War II.
Strong aftershocks and rolling blackouts almost a month after the magnitude-9.0 quake have continued in metropolitan Tokyo, the nation’s economic center.
Toyota said in a statement on Friday it was cutting production schedules at its North American auto plants “with production suspended on April 15, 18, 21, 22, and 25.” (read more)
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