At last Japanese Economics Minister Kaoru Yosano said to describe Japan’s falling production rate ‘very serious’. And this is assumed the greatest decline in the Japan’s economical history. Economics Minister said Japan had not experienced such type of sharp fall in production before. So, the Japanese industrial sector is now on threat.

He showed some statistics and said Japan’s industrial output had decreased by just about 10 percent in December 2008 compared with the previous month. It is visible that the country’s economy slipped into its first recession in seven years period in the third quarter of last year. Mr Yosano was afraid that unemployment in the country had risen to 4.4 percent in December. It was an increase of half a percent on the previous month. It should be noted that around 2.7 million inhabitants in the country are now without work. It is expected that present circumstances will increase the amount of unemployment.

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