5.2% unemployment rate should be normal for many countries but it is not a good sign for Japan. Japan has the second largest economy in the world and here, people have different attitude. They traditionally value job security. So, this job loss is very bad for the mentality of people. Well, before November, for few months, the job loss decreased. So, many people thought that may be the worst of the recession is over. However, now it is clear the impact of recession is still there. Another bad thing is that deflation has increased. Well, in normal times, deflation is not bad as it means the decrease in prize of basic commodities.
Right now, in Japan, nearly 3.3 million people are unemployed.
