As we reported last month, Japan's industrial output has been hurt significantly by the global slowdown. In November, it only got worse. Marketwatch reports:
Industrial production fell as much as 8.1% in November from the previous month -- the biggest drop in the measure since the government started releasing comparable figures in 1953 -- as Japanese companies produced less automobiles and other machinery on vanishing demand.
Overall industrial output at a levels from 5+ years ago in a matter of months... yikes.
Source: METI
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