calendar>>March 2. 2012 Juch 101
Economic Depression in Japan and Ireland
Pyongyang, March 2 (KCNA) -- Struggling Japanese semiconductor maker Elpida Memory Inc. said Monday it has filed with the Tokyo District Court for bankruptcy protection under the corporate rehabilitation law, giving up on efforts to rebuild after receiving government support.

Meanwhile, the volume of retail sales in Ireland fell by 3.7 percent in January compared with December 2011, according to figures released by the Central Statistics Office (CSO) on Tuesday.

Some economists attributed this to the declining purchasing power of people.

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