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


Shutterstock photo

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , ETFs
More Headlines for: F , TM

More from ETF Trends


ETF Trends

ETF Trends

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com