- Akio Toyoda opens to importing U.S.-built vehicles post-tariff deal.
- Models such as the Camry and pickups may return to the Japanese market.
- New trade accord allows imports meeting Japanese safety standards.
Toyota Motor Corp. Chairman Akio Toyoda informed reporters in Hita, Oita Prefecture, that he is open to importing vehicles produced in the United States following a Japan-U.S. accord in tariff negotiations.
“There are many car models that are not sold in Japan,” Toyoda said.
During a racing event in Hita, Japan, on July 26, Toyota Chairman Akio Toyoda stated to reporters that “there are many cars that are not sold domestically.” when he was questioned about the differences in the model lineup sold by Toyota in the United States compared to the Japanese Domestic Market.
While he chose not to specify particular models for import to Japan, it is thought that he is looking at the Camry sedan, which is no longer produced or sold in Japan, along with pickup truck models.
Due to the agreement, passenger cars made in the U.S. that meet Japanese safety standards can be imported without needing extra safety evaluations. Toyoda's comment is rooted in this facet of the agreement.
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If Toyota brings its own products made in the United States to Japan, the trade deficit with the United States might decrease. Toyoda stated that “It’s good for consumers” due to the increase in options resulting from the tariff agreement facilitating the import of U.S.-manufactured cars.
The varying safety certification regulations in the U.S. and Japan have created difficulties for American carmakers trying to sell vehicles in Japan. Cars for the Japanese market must adhere to more stringent standards than those for the U.S. market, necessitating modifications and adjustments by automakers.