The economic downturn is hurting the taxi business, and depressing business demand in particular. Ridership in Fukuoka Prefecture fell on an average of 36.5% to 38% in FY 2008 from the previous year. Revenue declined by 5.1%, and driver salaries have been reduced to the levels of 10 years ago. Many companies are cutting back on transportation and entertainment expenses, and this is causing problems for taxi companies nationwide.
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- Taxi Industry Hard-Hit by Economic Downturn