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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (8350)	3/19/1999 9:38:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 9980

Steven, I don't mean to make light of this but if only these guys know recovery was right around the corner ........ Ramsey from SCMP Friday March 19 1999 Japan Slump brings alarming rise in suicide rate ASSOCIATED PRESS in Tokyo More Japanese killed themselves last year than ever before as a prolonged economic slump contributed to a dramatic rise in suicides among middle-aged men, according to government figures. Suicides rose to 27,102 in the first 10 months of 1998, an increase of 38.3 per cent from the same period a year earlier, a Health and Welfare Ministry official said yesterday. The number of suicides was 1,435 more than for all of 1986, the previous record year, said the official. The suicide rate increased rapidly among men in their 40s to 60s, a group especially hard hit by rising job losses as Japan struggles through its deepest postwar recession. According to the figures, part of a survey which examines population trends, 19,084 men and 8,018 women committed suicide in the first 10 months of last year. Most occurred among men in their 50s - 5,089 of them killed themselves during the period, an increase of 58.7 per cent from a year earlier. The suicides of three middle-aged men last February epitomised the trend. With their businesses on the brink of collapse, the three friends hanged themselves in the same hotel in a Tokyo suburb on the same day. The deaths shocked Japan and drove home the crippling impact the slump has had on small companies. Japan's unemployment rate stood at a record high of 4.4 per cent in January for the third successive month, as a record number of people lost jobs due to corporate restructuring and bankruptcies. Japan has one of the world's highest suicide rates, with 17.2 per 100,000 people taking their lives each year. That is higher than the 12 per 100,000 in the United States and the 7.5 in England, but lower than Finland's 27.3, according to the Health Ministry.