Jobless figures in Japan hit five year high

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Updated June 30, 2009 20:50:14

Unemployment in Japan has hit its highest level in more than five years, with companies still slashing jobs to stay afloat and cope with the nation's worst ever recession. Analysts warn the worst is yet to come as international demand for Japanese goods continues to slump. And any economic recovery in neighbouring Asian economies is unlikely to ease Japan's problems.

Presenter: Girish Sawlani
Speakers: Masamichi Adachi, senior economist, JP Morgan, Japan; Graham Davis, director, Economist Intelligence Unit, Japan

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