Inside Japan's recession

Nagoya city is one of the areas worst hit by the economic crisis in Japan.
The district is famous as the base of automotive giant Toyota.
Over the last couple of years, its successful economic activity has been a major engine of growth in this area.
But because of the shrinking car market, almost all local economic activities have become weak.
In the automotive sector, companies are trying to cut costs from almost all aspects of their activities such as wages, investments, research and development. There has been a sharp decline in production volume.
This is a contrast to recent years when our production facilities were operating at maximum capacity. We were working overtime regularly.
But now, some production lines don't even operate in the daytime.
In order to get out of this crisis, we need to see the recovery of the global economy, especially our main export target area - Europe and the US.
I feel it. The Japanese economy is already in recession. But unlike UK or US, we have not hit the bottom yet