Unemployment in Japan
Japan - Unemployment
The economy will have contracted for the third consecutive quarter in Q2 due to the coronavirus crisis and the national state of emergency that was declared between April and May, which allowed prefecture governors to request people to stay at home. Although the private-sector PMI reading increased for the second consecutive month in June, driven by a slower contraction in the services sector and despite a faster contraction in the manufacturing sector, the PMI still remained notably low by historical standards. Moreover, merchandise exports decreased in May at the fastest pace since the Global Financial Crisis. In April, industrial production also fell at the sharpest rate since the crisis, while retail sales fell at the quickest pace in over five years.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: Business confidence hits 11-year low in Q2
July 1, 2020
Business sentiment among large manufacturers regarding current business conditions came in at negative 34.0 in Q2, down from the negative 8.0 reading in Q1.
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Japan: Consumer confidence improves in June
July 1, 2020
The consumer confidence index came in at 28.4 in June, up from May's 24.0.
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Japan: Industrial activity falls at softer pace in May
June 30, 2020
Industrial production dropped 8.4% month-on-month in seasonally-adjusted terms in May (April: -9.8% mom), according to a first estimate.
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Japan: Services PMI rebounds in June but manufacturing PMI suffers
June 23, 2020
The Jibun Bank Composite Purchasing Managers’ Index (PMI), which combines the PMIs of the services and manufacturing sectors, climbed to 37.9 in June, up from 27.4 in May, according to a flash reading.
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Japan: Core consumer prices fall again in May
June 19, 2020
The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in May, after falling 0.5% in April.
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