Monday, March 30, 2009

Japan's output falls again


Japan's output falls again
30-03-2009

Japan's industrial output plunged 9.4 percent in February from the previous month as companies slashed production to cope with the recession in major world economies.

It is the fifth consecutive month that shrinking industrial production has been reported. Production fell a record 10.2 percent in January from a month earlier.

Japanese manufacturers have slashed jobs and idled plants as the global downturn batters exports and sends Asia's largest economy deep into recession.