News Journal

Japan’s factory production low to 9.6%

As per the estimations, Japan’s economy may get into a recession because the factory production of the economy slumped by 9.6% and the companies are preparing to cut at least 20,000 workers in coming months.

The company like Hitachi Ltd. registered a record loss in the quarter and NEC Corp. has announced to cut in jobs. The output was low in the month of December to 8.5%.