The fact is that Japan’s economy, the third largest in the world, is in big trouble. The country’s Federation of Power Companies provides monthly data on electric power consumed by large users. It rebounded 25.7% from a cyclical low of 19.4 billion Kwh during March 2009 to 24.3 billion Kwh during January 2011. That was still 5.3% below the record high during February 2008. By some accounts, Japan’s electricity output may now be down by at least 25%. That would put usage by large users back at a recession reading of around 18.0 billion Kwh.
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