Unemployment in Japan
Japan - Unemployment
Available data points to an improving but still-subdued panorama in the third quarter, following the sharp contraction sustained by the economy in the second quarter. The unemployment rate hit an over three-year high in August, while consumer confidence remained mired in pessimism, despite improving to its best level since February, likely keeping a lid on the rebound in private consumption in the third quarter. Moreover, the much-studied Tankan business confidence survey for Q3 remained deeply negative, boding ill for capital spending in the period. Turning to Q4, the economy began the period on a muted footing, with the composite PMI remaining deep in contractionary territory in October. Moreover, the recent resurgence in cases abroad could weigh on the external sector in the months ahead.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: Exports skyrocket in May on low base effect
June 16, 2021
Yen-denominated merchandise exports soared 49.6% annually in May, on the back of April’s 38.0% jump.
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Japan: Core machinery orders growth eases in April
June 16, 2021
Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—rose 0.6% month-on-month in seasonally-adjusted terms in April, slowing from the 3.7% rise recorded in March.
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Japan: GDP shrinks at softer rate than previously expected in first quarter
June 8, 2021
According to a comprehensive estimate, GDP decreased 3.9% in seasonally-adjusted annualized terms (SAAR) in the first quarter, somewhat above the 5.1% print from the preliminary estimate but markedly contrasting the 11.7% expansion recorded in the fourth quarter of 2020.
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Japan: Industrial output growth picks up pace in April
May 31, 2021
Industrial production grew 2.5% month-on-month in seasonally-adjusted terms in April, accelerating from March’s 1.7% increase.
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Japan: Consumer sentiment falls further in May
May 31, 2021
The consumer confidence survey fell to 34.1 in May, down from the 34.7 reading in April.
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