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Japan car sales slump

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Japan car sales slump

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Sales of cars in Japan have fallen to their lowest level in over three decades. Demand for new vehicles has been hit by higher unemployment and inflation in Japan. Sales in the six months up to September were down 2.9% compared with the same period last year. Only 1.54 million vehicles were sold, that is the lowest total since 1974. In addition, carmakers are suffering from a slump in exports, particularly to the United States.