The Tanakas joined about 50 other residents of the southern Japanese town of Ozu who were planning to sleep in their cars at a public park after two nights of increasingly terrifying earthquakes that have killed 41 people and injured about 1,500, flattened houses and triggered major landslides. Toyota said on its website Sunday that resumption of operations would depend on the availability of parts.
"Owing to the lessons learned from the Great East Japan Earthquake, the automakers and their suppliers have together built up strong procurement networks for components that can be rapidly restored following disasters", Nomura Holdings analysts wrote in the report cited by Bloomberg. Nissan Motor and Honda Motor both lost about 3 percent.
Honda Motor Corp. said its motorcycle factory in Kumamoto, the largest city seriously affected by the quakes, has suspended output until Friday. Overall, the risk to the outlook for growth is "to the downside" he said.
Minamiaso is in a mountainous area southwest of 1,592-meter-high (5,223-foot-high) Mount Aso, the largest active volcano in Japan.
Renesas Electronics Corp.'s computer chip plant in Kumamoto city was also shuttered, spokeswoman Makie Uehara said. Gases that can be risky are used to maintain antiseptic conditions for chip production, and so safety had to be confirmed before other damage could be checked. The company said that the plants have reopened, but that it's too early to say when they will return to full capacity.
The Nikkei stock index fell 3.2 percent, as investors weighed the impact of the earthquakes on manufacturers' supply chains and insurers.
"So far we are OK", he said of the auto plants. Due to repeated aftershocks, it is unsafe even to go inside to carefully inspect the damage, he said.
Some of the locals in the quake-hit regions expressed concern that a crash or accident involving one of the planes would exacerbate an already disastrous situation, with others saying the planes were a painful reminder of the base-hosting burdens of their fellow countrymen on the tiny island of Okinawa, where numerous aircraft are based. Insurers and utilities were also sold, with nuclear plant operator Kyushu Electric Power slumping almost 8% Toyota said it would suspend production at plants across Japan after the quakes disrupted its supply chain.
The Japanese government on Monday promised to support companies affected by a series of quakes on the southern manufacturing hub of Kyushu, but declined to say whether the disaster would affect the timing of a sales tax hike next April. The decline stemmed from various reasons, including a surge in the yen after weekend talks among major oil producers on freezing oil output ended without an agreement.