The heavily tarnished Toyota's image is symbolic of the decline of Japan's superstars and the precarious economic situation of the third largest economy in the world.
"We can not exclude the possibility that the Japanese economy has entered a recession," Economy Minister Seiji Maehara said Tuesday. For the first time someone spoke of what economists predict for quite some time ...
The numbers: The gross domestic product of Japan declined in the third quarter compared to the previous quarter by 0.9 percent. Extrapolating the loss on an annualized, this corresponds to a fall of 3.5 percent.
It is the sharpest drop in economic performance of Japan since the tsunami of March 2011.
"The GDP data confirm that the economy has slipped into recession," said analyst Tatsushi Shikano of Mitsubishi UFJ Morgan Stanley Securities, adding that in the final quarter, gross domestic product decline (GDP).
Reason for the decline of the precarious imbalance is at the super-companies - fall heels, forecasts are cut and the image suffers.
Toyota:
The Japanese car maker is a guarantee of success, but for the huge growth of the global corporation pays a high price.
On the one hand the company tripled its profit (July through September) to the equivalent of 2.5 billion euros. At the same time the recall campaign was launched, which angered many customers. A total of 14 million cars Toyota had to recall in the past years!
Affected by the current recall campaign include the models Prius, Corolla, Wish, which were produced from 2000 to 2011 in Japan, and between 2000 and 2009 in other countries.
Top managers at Toyota acknowledge that the increasing recalls were due in part to the growth objectives of the Group.
Sony:
Electronics giant Sony succeeds despite a tough recovery plan (10,000 points are dropped) is not out of the red.
Actual loss (Q2): 149.5 million euros. Especially the slump in the TV business, the strong domestic currency, the yen and competition make Sony create.
Sharp:
It's even worse than the Sony electronics company Sharp. There one is due to the expected record losses of 4.3 billion euros this year, the question of whether one has any chance of survival.
Honda:
The current numbers are good, but the view more than hazy.
Sun Honda increased its net profit in the second quarter, while 36.1 per cent compared to last year, but is expected in Tokyo with a slump in the market. This is because the high rate of increase was intrinsic especially since the numbers had slipped after the tsunami disaster of 2011 in the basement. Honda also suffering from the exchange rate fluctuations.
Panasonic:
€ 7.4 billion loss. This amount is currently in the balance sheets of the company from Osaka.
The problem: the strong competition from Samsung and Apple. Investors lose confidence in the former flagship company. The stock has been on a downward slide for weeks.
Canon:
The global economic crisis, Europe's debt crisis, the strong yen and the anti-Japanese attitude in China put the camera manufacturer.
In addition, more and more people take pictures with their cell phones, cameras need less. Currently Canon lowered its outlook for the full year.
Nissan:
The carmaker has because of the boycott by Chinese customers its profit forecast for the year 2012 die t.
Instead of the targeted 5.35 million cars Nissan will sell this year, only 5.08 million cars.
Background is the political dispute over a group of islands between Japan and the People's Republic. Nissan already sells one in four cars in China.
Conclusion: Japan remains a problem child in international development.
The building momentum after the tsunami were not as strong and lasting as hoped. Still the country is marked by deflationary pressures.
The level of wages and domestic demand are therefore extremely low, the yen is too high. To contribute to the political and military disputes with China to further stress the economic situation. In addition, Japan's automakers also suffer under the sales crisis in Europe.
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