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FEB 01, 2013 - Business Insider

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Jobs In Japan's Legendary Manufacturing Sector Fall To A 50-Year Low

Employment in Japan's once-mighty manufacturing sector has fallen below 10 million for the first time in five decades, as a new government vows to stoke the struggling economy. Official employment data released Friday showed the number of workers in Japanese industry, which fuelled the country's stratospheric rise from the ashes of World War II, slipped to 9.98 million in December. That is the lowest level since 1961 as firms slash costs and ship manufacturing jobs to lower-cost nations overseas. Like many developed economies, the manufacturing sector has been hollowed out in high-cost Japan ... Read More

Tags: Jobs In Japan's Legendary Manufacturing Sector Fall To A 50-Year Low,  Bank Of Japan Latest News