U.S. Cars Now Allowed in Japan’s Cash for Clunkers Program

Japan has modified its scrappage scheme conditions in order to allow U.S. cars to enter the program properly, subsequent to the United States’ complaints, Reuters noted.

In a statement from Japan’s embassy in Washington, the country states that cars imported under a preferential handling procedure" (PHP) introduced in 1986 for U.S. carmakers would be eligible for the Japanese program which subsidizes acquisitions of more fuel-efficient cars.

"I welcome the news … that Japan is… (read more)