Ford Withdraws from Japan

In a recent article in, The Japan Times, details about Ford’s decision to move out of the Japanese market was discussed. Poor market conditions were the main reason for the decision along with a bleak economic outlook. With the signing of the new TPP deal, of which Japan is a part of, Ford foresaw even tougher competition in its already uphill battle with domestic automobile manufacturers. Last year Ford only sold 5,000 cars in Japan. What negative results will Japan see with Ford pulling out of the automobile market? Where else may Ford be able to get a foothold in Asia? How does this affect Ford’s business going forward?