Japan ETF Lower as Toyota, Ford Feel Quake’s Impact

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The iShares MSCI Japan Index Fund (NYSEArca: EWJ) was down fractionally Monday after Toyota ( TM ) said its car production fell in March due to the earthquake and tsunami, while Ford ( F ) said it will suspend work at three plants in a move related to the quake.

Toyota on Monday said its car production in Japan fell about 63% in March due to a parts supply shortage in the aftermath of the quake, Reuters reported.

Also Monday, Ford said it has idled a trio of overseas factories to conserve auto parts, according to a separate report.

Toyota is the top holding in the $7.4 billion Japan ETF, which was down 6.7% for the three months ended April 21, according to Morningstar.

iShares MSCI Japan Index Fund


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