Shares in Japan's biggest carmaker Toyota fell nearly six percent last week after it emerged that the company had falsified tests.
The market capitalization fell by 2.45 trillion yen ($15.62 billion) after the company was found to have used false data to certify some models, CNBC reported on Monday.
The Japanese Ministry of Transport has also detected data falsifications in the case of other car manufacturers. As a result, Mazda shares fell 7.7 percent, meaning the company's market value fell by $80.33 billion. yen ($511.8 million).
The inspection also found irregularities in the certification applications of Honda, Suzuki and Yamaha, whose shares fell 5.75 percent, nearly one percent and 2.2 percent respectively last week.
It is true that during today's trading we saw a rebound in the prices of the aforementioned Japanese car manufacturers. Since the beginning of this year, Toyota's capitalization has increased by a quarter, Mazda – by 0.4 percent, Honda – by fourteen percent, Suzuki – by over 23 percent, and Yamaha's market value has risen by nineteen percent.
