Japanese industrial production down to 8% more in November than in previous months, which is the largest decline so far, as revealed in official figures issued by the government. At the same time, unemployment rate increased to 4%. Around 2.5 million people of Japan dismissed from work on the Month of November, which means an increase of 100,000 compared to the previous year . They sack the most employees who are bound by the temporary employment contract. In October Japan's manufacturing sector production down about 3.1%. Month of November and increased 8.1% to reach the biggest decline in manufacturing production in Japan so far. Statistics issued by the Ministry of Economy, Trade and Industry also said that production levels will continue to decline with the estimates about 8% in December also.
Economic recession
Japan's economy in 2009 is estimated will not grow .The decline in production is the biggest car, engine, and the announcement following a reduction in electronic large-scale production by Toyota and Sony. "The overall production decline rapidly," such as a written statement from the Ministry.BBC correspondent in Tokyo, Duncan Bartlett, the Japanese factories are usually very busy and efficient but not at this time many of the running because there is no demand on production.
Many car industry who decided to stop production until the new car that has been produced all sold out. Meanwhile, the Ministry of Health, Labor and Welfare said 2.56 million people unemployed in the Month of November. The Japanese government has predicted that economic growth will not be in the year 2009. Japan is the second largest economy in the world - the biggest in Asia - in the sense the impact of the decrease in demand of goods due to global recession. The observer estimates the economic bad news this reflects Japan's economic recession that worsened even though the government and the Central Bank to help Japan with a large budget and a decrease in interest rates.
Economic recession
Japan's economy in 2009 is estimated will not grow .The decline in production is the biggest car, engine, and the announcement following a reduction in electronic large-scale production by Toyota and Sony. "The overall production decline rapidly," such as a written statement from the Ministry.BBC correspondent in Tokyo, Duncan Bartlett, the Japanese factories are usually very busy and efficient but not at this time many of the running because there is no demand on production.
Many car industry who decided to stop production until the new car that has been produced all sold out. Meanwhile, the Ministry of Health, Labor and Welfare said 2.56 million people unemployed in the Month of November. The Japanese government has predicted that economic growth will not be in the year 2009. Japan is the second largest economy in the world - the biggest in Asia - in the sense the impact of the decrease in demand of goods due to global recession. The observer estimates the economic bad news this reflects Japan's economic recession that worsened even though the government and the Central Bank to help Japan with a large budget and a decrease in interest rates.
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