Japan's macro economy deteriorated sharply

The economic data for November released by the Ministry of Economy, Trade and Industry, the Ministry of Internal Affairs and Communications and the Ministry of Health, Labour and Welfare on December 26 showed that Japan's industrial and mining production continued to decline sharply that month, the consumer price index continued to rise, and the complete unemployment rate rose again, indicating that Japan's economic situation has further deteriorated . According to the data released by Japan's Ministry of Economy, Trade and Industry on the same day, Japan's industrial and mining production index in November fell by 8.1% on a seasonally adjusted basis compared with the previous month, to 94 (100 in 2005), a decline for two consecutive months, the largest decline in history. According to the manufacturing production forecast survey released by the Ministry of Economy, Trade and Industry, manufacturing production will continue to decline in December by 8.0%, and will fall by 2.1% in January 2009. Based on this, the Ministry of Economy, Trade and Industry changed its judgment on the production trend of the industrial and mining industry from 'there is a tendency to decline' to 'a rapid decline'. According to data released by the Japanese Ministry of Internal Affairs and Communications on the same day, the complete unemployment rate in Japan in November increased by 0.2 percentage points from the previous month to 3.9%; the number of complete unemployment increased by 100,000 year-on-year to 2.56 million; at the same time, the number of employed persons decreased by 42% year-on-year. 10,000 people to 63.91 million, declining for ten consecutive months. According to data released by the Ministry of Health, Labour and Welfare, the ratio of the number of people in demand to the number of job seekers in Japan's labor market fell for the tenth consecutive month in November. The National Consumer Price Index released by the Ministry of Internal Affairs and Communications showed that the composite price index, which excludes fresh food, rose year-on-year for the 14th consecutive month. The biggest price increases are still energy products and tap water, up 4.8%.