TOKYO – There are no quick fixes for the Japanese auto industry, concludes Japan’s top-ranked analyst. Still, all is not gloom and doom, Takaki Nakanishi says, predicting the sector will emerge from the current downturn smaller and poorer but profitable. Nakanishi, managing director-Japanese equity research at J.P. Morgan Securities, predicts Toyota Motor Corp.’s recovery will be slower than that of Honda Motor Co. Ltd. and Nissan Motor Co. Ltd., the other two members of Japan’s Big ...
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