Toyota and Nissan Suspends Operations as Typhoon Shanshan Hits Japan
At least three people were killed in southwestern Japan on Thursday as Typhoon Shanshan made landfall in Kagoshima prefecture, bringing heavy rain and very strong winds as well as snarling air traffic and knocking out power to over a quarter million households. Major automakers like Toyota and Nissan suspended operations due to the storm.
The typhoon, with gusts of up to 198 km per hour, made landfall near Satsumasendai city in Kyushu. Authorities warned it could be one of the strongest storms to hit the region, prompting evacuation orders for millions of residents. Three people were dead, one missing, two severely injured, and five had minor injuries due to the typhoon.
After lingering over Kyushu, the storm is expected to move towards central and eastern regions, including Tokyo, around the weekend. Airlines have canceled over 600 domestic flights, and train services have been suspended in many areas of Kyushu. Typhoon Shanshan is the latest in a series of harsh weather systems to hit Japan this month.
This severe weather event can have a significant impact on various industries in Japan, such as transportation, manufacturing, and tourism. Investors should keep an eye on how companies like Toyota and Nissan respond to the storm's aftermath, as it could affect their financial performance in the coming days. Additionally, disruptions in air and rail travel could impact the overall economy of Japan. Stay informed and be prepared to adjust your investment strategies accordingly.