The steel industry was strongly impacted by the global recession from the latter half of 2008. Demand for steel plummeted as the automobile and other steel-using industries sharply cut back production. This forced Japanese steelmakers to shut down blast furnaces and take other measures to lower output more drastically than ever before."NIPO-097", "2506596"
As the global recession rapidly worsened from the autumn of 2008, business conditions in the Japanese manufacturing industry deteriorated precipitously, forcing manufacturers in a broad range of sectors to make deep production cuts."NIPO-095", "2257958"
But then, from the latter half of 2008, the global recession, precipitated by the financial crisis touched off by the collapse of the U.S. subprime mortgage market, also strongly impacted Japan, posing severe economic and social issues, including sharp declines in manufacturing sector production and huge dismissals especially among temporary workers."NIPO-016", "2274366"
OPEC is considering an output cut of 1 million barrels a day.
cut back production of gasoline
Toyota Motor Corporation has had to reduce its production in Japan, North America and Southeast Asia because of the floods.〔【出典】Catch a Wave, 2011年11月11日号◆【出版社】株式会社浜島書店 〕
Automakers throughout the world were forced to make deep cuts in production."NIPO-102", "2263392"
Under simultaneous pressure from the high yen, Japanese manufacturers in the automotive, electrical equipment, steel, machinery, and other sectors were forced to make deep production cuts that considerably damaged employment."NIPO-062", "2547609"