Japan Wheel-Off Arrest Spurs Liability, Crackdown Watch (February 15)
Toyotsugu Wakamoto’s arrest for unlicensed driving while on a suspended sentence linked to a wheel-off accident has reignited Japan traffic safety debates. The case, tied to alleged illegal car modifications and an uninsured vehicle, now moves toward civil damages. For investors, near-term risks include stricter enforcement, costlier compliance, and revised insurance pricing. We break down what this means for aftermarket services, inspection providers, and insurers in Japan, and what data points to watch as authorities and courts respond to a high-profile incident.
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