Japan's industrial production sinks by 9.4 per cent
Japan's industrial production sank 9.4 per cent in February compared to the previous month, the government said Monday, citing seasonally-adjusted data, dpa reported.
The drop in the previous month was 10 per cent.
Because of the recession in the US and Europe and China's lagging economy, the demand for Japanese cars, electronics and other export goods has dropped drastically.
Large firms like Toyota and Sony have screwed back production and eliminated thousands of jobs.