Honda said on Thursday it would further delay the start of a new factory in Japan by at least a year amid the global auto slump.

In December, the company said it would put off the start of the factory near Tokyo by at least a year. The plant was originally scheduled to start in 2010, with annual production capacity of 200,000 vehicles.

In a statement, the firm said it decided on a further delay as it still saw no signs of a market recovery.