10 Years On: Auto Sector Leading Biz Growth into Tohoku
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The automobile industry is leading a wave of business expansion into the Tohoku northeastern Japan region to aid a revival there following the March 2011 earthquake and tsunami.
As a way to accelerate the region's postdisaster reconstruction, boosting production and various other business activities is vital. How to secure recruiting and create new sectors is key, according to business and government people.
Shipments of items produced at factories in 2018 totaled 12.6 trillion yen in the three heavily hit Tohoku prefectures of Miyagi, Iwate and Fukushima, up about 20 pct from 10.8 trillion yen this year 2010.
The transport machinery industry, mainly automakers, logged an impressive 80 pct increase.
Toyota Electric motor Corp. <7203> regards Tohoku as its third domestic production center, following its home region of Chubu in central Japan and the Kyushu southwestern location.
Source: https://www.nippon.com
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