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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan's industrial output drops 8.5 percent in November AFP - 1 hour 47 minutes ago TOKYO (AFP) - - Japanese industrial output plunged a record 8.5 percent in November from the previous month as companies retrenched to cope with the recession, the government said Monday. The slump was even bigger than an initial estimate for a drop of 8.1 percent, and was the biggest fall since comparable records began in 1953. Compared with a year earlier, output was down 16.6 percent, the Ministry of Economy, Trade and Industry said. Japanese companies have invested heavily in expanding their production facilities in recent years to meet brisk demand, helping drive a recovery in Japan's economy from recession in the 1990s. But with consumers tightening their belts worldwide amid a wave of layoffs, many firms -- particularly carmakers -- are now reducing their output to avoid being left with a glut of unsold products. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy MONEY MARKETS-Dollar rates inch up on banking concernsReuters - 1 hour 36 minutes ago Financial bookmakers see Europe shares open higherReuters - 1 hour 42 minutes ago China to inject 1.5 billion dollars into power sector: reportAFP - 1 hour 46 minutes ago Japan's industrial output drops 8.5 percent in NovemberAFP - 1 hour 47 minutes ago Related Articles: Business Akbank to build $125 mln operations centre-reportReuters - 29 minutes ago US-BUSINESS SummaryReuters - 29 minutes ago Sasken has 70 mln rupees in receivables from Nortel-CFOReuters - 30 minutes ago Thai Tisco sees higher interest margin, Q2 bondsReuters - 31 minutes ago European index futures point to higher startReuters - 31 minutes ago Enlarge Photo Japan's industrial output drops 8.5 percent in November Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson 'Overwhelming emotion' at star-studded inaugural concert Hormone drives sexy women to infidelity, says study All aboard, as Obama takes slow train to power View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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