Unemployment in Japan

Japan - Unemployment
As expected, preliminary data showed the economy contracted in Q1. Record Covid-19 case numbers led the government to introduce quasi-state-of-emergency measures, which along with rising inflation caused private consumption to fall. In Q2, a recovery is under way. Its driving force is private consumption: Most Covid-19 restrictions were scrapped in late March, more than offsetting the drag from higher inflation. Consumer confidence and the services PMI have risen in the quarter so far. Further reopening will boost private spending even more; some foreign tourists will be permitted entry from June. This said, the external sector appears to be dragging on activity, with export growth and the manufacturing PMI sliding in the quarter so far, due to supply bottlenecks and a slowing global economy due to war in Ukraine, Covid-19 lockdowns in China, and higher global inflation and interest rates.Japan - Unemployment Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Unemployment Rate | 3.4 | 3.1 | 2.8 | 2.4 | 2.4 |
Japan Unemployment Chart

Source: Statistics Bureau of Japan.
Japan Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | -0.02 | -4.41 % | Dec 30 |
Exchange Rate | 108.7 | -0.35 % | Jan 01 |
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Economic News
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Japan: Core inflation comes in at highest level since March 2015 in June
July 22, 2022
Core consumer prices—which exclude fresh food—increased 0.20% over the previous month in June, matching May's reading.
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Japan: Composite PMI deteriorates in July
July 22, 2022
The au Jibun Bank Composite Purchasing Managers' Index (PMI) came in at 50.6 in July, down from June's 53.0.
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Japan: Merchandise exports gain steam in June
July 21, 2022
Yen-denominated merchandise exports shot up 19.4% over the same month last year in June, following May’s 15.8% upturn.
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Japan: Bank of Japan keeps rates unchanged in June despite yen remaining at 24-year low
July 21, 2022
At its meeting ending on 21 July, the Bank of Japan (BoJ) kept its policy rate unchanged at minus 0.10% and kept its 10-year government bond yield target at 0.00%, as widely expected by the market.
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Japan: Industrial activity drops at sharpest pace since May 2020 in May
July 14, 2022
Industrial output collapsed 7.5% month-on-month in seasonally-adjusted terms in May (April: -1.5% mom).