Output from Japan’s factories saw their biggest monthly drop ever in October, the country’s Ministry of Economy, Trade and Industry reported earlier today. Output was down 8.1 percent over the year before in October, nearly double the previous record of 4.3 percent in January 2001 and the Ministry expects a similar drop for December factory output.
The 8.1 percent drop was lower than analysts have figured, signaling the strength of the global economic decline.
The figures include everything produced in Japan, from textiles to electronics to automobiles, though export and sales figures show that the figures are representative of car production, as well.
The world’s second largest economy, after the United States, is eroding due in part to shriveling overseas earnings.
12/26, 11:12 AM
posted by:
shaver
The Japanese are always over achieving, even when failing they nearly double their previous record.
12/26, 12:20 PM
posted by:
yarddog82abn
Before some one goes out of their way to defend “Japan”… Before you say it… If you like it so mush, SHUT THE F-UP, AND GO LIVE OVER THERE!!!
I’m sure I speak on behave of many that we don’t care how mush better you think Japan is…
12/26, 1:50 PM
posted by:
9DOOREMPIRE
it’s ‘much’, not ‘mush’, and ‘behalf of’, not ‘behave of’..
Comments like that make me proud to be an American,
they also underscore the fact that the financial deficit is
not our biggest problem, it’s the education deficit.
It’s also beneficial to note that when we are entrenched
in a global economy, if one suffers, we all suffer. A little
compassion for them may go a long way for you…
12/26, 4:45 PM
posted by:
yarddog82abn
@ 9DOOREMPIRE….
I know my spelling & grammar are F-up, I can only blame my self for not paying attention in school, my bad.
You are right, one should have a little compassion for others, and I do.
My comment was for all the Japanese Automotive fan boys that will run to defend their brands and say It’s bad times, and not the quality of their brands. As they will unlikely say that about Domestic, and Euro brands, that’s it’s the quality and not bad times the reason they find them self’s in…
It’s those ignorant morons that have no idea of how a internal combustion engine works, nor can’t even change there own flat tire, just because it’s Japanese it’s good… And the worst part they claim to be educated… but that’s Okay… That’s why I have blow horns on the sides of my lifted truck, so I can blast them when ever I find a Toyota, or a Honda Hybrid next to me at the stop light…..
12/26, 9:13 PM
posted by:
moparsalesman
yarddog you freakin rock man im with ya!
9doorempire he is just takin the shot back at the a holes on here who would love to see the d3 go out.
12/27, 3:42 AM
posted by:
Commodore
shaver – you cannot be more wrong. If you think that the American economy is fukked, look at Japan’s OUTLOOK.
Yea, yea, South Korea and Japan and a few other Asian countries that listened to us after the mid-century wars became democratic and capitalistic, free-market economies. So they succeeded, growing economically and in population year after year.
But today Japan is a stagnant economy. It is going at a sail’s pace and has nowhere to go but down. Why? I blame fertility problems. The population is declining in that by 2050, there will be a ratio of 1 worker for every 5 retirees. Meaning that those 5 people who no longer work will be supported by one working adult. You can bet that Japanese output is set to reach record lows decade after decade in the future. The age pyramid is supposed to look like this: /\ with many young people at the bottom and less and less old people as the age increasing up the pyramid. It will look like this in 2050 though, \/ with older people outnumbering the youth. I don’t know how Japan is going to deal with this..or how it expects to prevent economic decline with such massive population decline.
And in terms of cars, I saw a report that said that Japanese youth weren’t even that interested in owning cars anymore. Instead, they aspire to tech shtt like a Nintendo Wii and so on
12/28, 11:48 PM
posted by:
Mutant@DCX
October, interesting. It’s December 28th, show me the data
12/30, 1:48 PM
posted by:
hummah
Oh no! The Japanese are supposed to be the most industrious and tenacious business people in the world (they are the size of California but have the 2nd highest GDP in the world.) This does not bode well…