TOKYO - Japanese automakers' purchases of European Union-made parts in the fiscal year to March 31, 2000, rose at the slowest rate since the Japan Automobile Manufacturers Association (JAMA) began to track sales four years ago.
Total EU parts purchases by Japanese carmakers rose just over 1 percent in the latest fiscal year to $6.69 billion.
Purchases for use in Japanese-owned factories in Europe rose 0.2 percent to $5.69 billion, while imports into Japan rose 8 percent to a record $1.0 billion.
The 1 percent rise follows gains of 14 percent in the fiscal year to March 1999, 7 percent in the fiscal year to March 1998, and 11 percent in the year to March 1997.
In addition, JAMA said Japanese automakers' purchases of US-made parts rose 13 percent to $31.9 billion in the fiscal year ended March 31.
Most of the increase was due to parts purchased for use in Japanese auto plants in North America. Those purchases rose 14 percent to a record $28.12 billion, pushed higher by a 17 percent gain in the fiscal second half.
Imports of US-made parts into Japan by Japanese automakers rose 1 percent to $3.78 billion.