Unemployment in Japan
Japan - UnemploymentAlthough the economy performed robustly in the first quarter, the growth print was largely flattered by a sharp decline in goods and services imports, while domestic demand was weak. Notably, public and private consumption both contracted, while investment was solid. Turning to the second quarter, growth was likely lackluster, as consumer confidence fell to an over four-year low in June, boding poorly for private spending and casting doubts on the appropriateness of a planned sales tax hike in October. Moreover, the manufacturing PMI again fell into contractionary territory in May and June after April’s brief rebound, while confidence among large manufacturers fell to a near three-year low in Q2. Lastly, a decline in core machinery orders in May indicates weaker investment in coming quarters, while a rapidly worsening trade feud with South Korea adds to the external sector’s woes.
Japan - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Japan Unemployment Chart
Source: Statistics Bureau of Japan.
|Bond Yield||-0.16||-4.41 %||Jul 31|
|Exchange Rate||108.8||-0.35 %||Jul 31|
|Stock Market||21,522||0.40 %||Jul 31|
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July 31, 2019
At its 30 July meeting, board members at the Bank of Japan (BoJ) decided in a seven-to-two vote to keep its monetary policy unchanged, in line with market analysts’ expectations.
July 31, 2019
Consumer sentiment declined from 38.7 in June to 37.8 in July.
July 30, 2019
Industrial production fell 3.6% on a month-on-month and seasonally-adjusted basis in June, contrasting May’s 2.0% increase and marking the sharpest fall in a year-and-a-half.
July 24, 2019
The Jibun Bank flash manufacturing Purchasing Managers’ Index (PMI) rose from June’s 49.3 (previously reported: 49.5) to 49.6 in July.
Japan: Japan-South Korea trade feud looks set to deteriorate, threatening Japanese tech firms and broader economy
July 22, 2019
Long-standing tensions between Japan and South Korea—originating from colonial-era disputes over forced labor—significantly escalated when Japan applied new restrictions on exports of key materials used in high-tech industries in Korea, effective 4 July.