Report: Toyota to cut Japanese production by half Feb-April.

According to Japanese media, Toyota is planning to cut its Japanese production by half in February-April from a year earlier due to the declining global demand and sales. According to Ashai newspaper, Toyota will cut production to around 9,000 vehicles a day during that period.

The Japanese automaker announced Friday that it will cut production at its North American plants over the next few months to reduce its inventory by half.

Toyota also said last week that it will halt production at its domestic plants for 11 days in February and March.

Source: Reuters