Fiat SpA (F)'s Ferrari said sales in Japan will rise by 30 percent this year as Prime Minister Shinzo Abe seeks to lead the country out of 15 years of deflation.
The carmaker said sales will be boosted by an improving Japanese economy, Giuseppe Cattaneo, who heads Ferrari's Far East business including Japan, South Korea, Southeast Asia and Australia, said in an interview in Tokyo. Ferrari, which showcased its 458 Speciale sports car in Japan yesterday, sold 302 cars in Japan last year, according to Maki Kataoka, a Tokyo-based spokeswoman.
Vehicle sales in Japan last month rose the most in 14 months, adding to signs of an improving outlook in the world's third-largest economy. The Bank of Japan last week refrained from adding to unprecedented monetary stimulus after business confidence surged and Abe decided the economy was strong enough to weather a sales-tax increase.
