The seven big Japanese automakers are feeling the impact from COVID-19 related reductions in demand and factory closures. Global production fell 27.5% year over year in April while exports from Japan dropped by 12.2%. Toyota led the decline in volume terms with a 14.3% slide while Mazda’s fell fastest by 20.2%. Toyota will rebalance their global supply chain by accelerating production in China. The slide in global sales also brings revenue risks for the big car shipping firms. U.S. seaborne imports of cars and light trucks from Japan fell by 15.6% year over year in March. There&...