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Another 1,500 jobs might be cut if conditions do not stop deteriorating, the company said.
And while the central bank expects the economy to stop deteriorating, it did not say when the economy might improve.
Japan's economy is expected to stop deteriorating toward the latter half of the fiscal year and turn upward again, though it is not likely to gain much upward momentum, the bank said.
"Companies may expect conditions to stop deteriorating early next year, but that doesn't mean they will start to improve," said Yoshikazu Suehiro, senior economist at the NLI Research Institute, an affiliate of the Nippon Life Insurance Company.
Jahi McMath's brain-dead body won't stop deteriorating, expert says.
Our roads will not stop deteriorating, our water mains will not stop breaking without the necessary investments.
Similar(47)
An economy that stopped deteriorating also had a positive effect.
The downgrade, he added, "is punishment for the situation we have inherited, which hasn't stopped deteriorating for 10 years".
Six months later, the man has lost 50 pounds and his lung function has not only stopped deteriorating but has actually improved slightly, Dr. Rose said.
"You need to see one or two more weeks of below-400,000 numbers before you can say things have gotten better or stopped deteriorating".
Alan Greenspan, the chairman of the Federal Reserve, said today that the economy had stopped deteriorating last month and that he saw "the makings of a turnaround".
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