Unemployment rises in Japan’s industry
NZPA Tokyo Japan’s hard-hit manufacturing industry faces its most serious unemployment since World War 11, according to a government survey. The survey by the Ministry for International Trade and Industry said the yen’s sharp rise over the last year had hurt major exporters severely and forced them to lay off workers. The steel industry, expected to rack up a huge trading loss in the year ending next March, reduced the workforce by about 6000 in the last year to 196,500.
Employment in non-fer-rous metals has fallen to 6200 from some 7600 about 18 months ago. Synthetic fibres shed about 2000 jobs and coal 1600 over roughly the same time. Even some premier industries such as automobiles and microchips are beginning to feel the pinch, a Ministry official said. The survey of 110 companies was taken in October and November. Japan’s unemployment rate now stands at 2.8 per cent, just below the record 2.9 per cent earlier this year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19861205.2.131
Bibliographic details
Press, 5 December 1986, Page 29
Word Count
163Unemployment rises in Japan’s industry Press, 5 December 1986, Page 29
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.