Toyota and other Japanese carmakers are reporting lower sales in China due to the two nations' dispute over offshore islands, but Toyota projects higher earnings worldwide.
As China and Japan are disputing island territories, the head of China's central bank will be a no-show at this week's meeting of the International Monetary Fund in Japan.
Japan's carmakers are reporting a huge drop in sales in China, and it's not about China's slowing growth. Anti-Japan protests in China are such an issue, Toyota and Nissan have both cut back on Chinese production.
The ongoing fight between China and Japan over a chain of islands continues, and now it has Toyota is scaling back production of its luxury Lexus models because of reduced demand in China.
Today, Japanese government officials announced a bold new energy plan. The policy — which still needs approval from the cabinet — would end the use of nuclear power in Japan by 2040.
In China over the weekend, activists smashed shop windows and overturned cars in a wave of anti-Japanese protests. The protests center around a couple of uninhabited, rocky islands in the East China Sea.