Japan factory output has biggest fall on record (AP)

A homeless man walks with his belongings through a park in Tokyo Friday, Dec. 26, 2008. The job cuts are already being reflected in a higher unemployment rate, which rose to 3.9 percent in November from 3.7 percent in October, the Ministry of Health, Labor and Welfare said. The figure does not include those who have given up looking for work and exited the labor market entirely. (AP Photo/Itsuo Inouye)AP – Japan’s contracting economy got a slew of bad news Friday when government figures showed that industrial production plunged by its biggest margin on record in November, the jobless rate jumped and household spending fell.

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