Unemployment in Japan
Japan - Unemployment
The economy returned to growth in the fourth quarter following a short-lived contraction in Q3 when a series of natural disasters disrupted business and consumer activities. Domestic demand drove Q4’s recovery, while external demand remained relatively weak despite rebounding. Available data for this year suggests that growth momentum remains frail. Global trade uncertainty, the economic slowdown in China and a downturn in the global tech cycle are weighing on the external sector. This, in turn, hurt manufacturing activities, as reflected by the manufacturing PMI which hit a nearly three-year low in February. Moreover, the lack of progress made in Prime Minister Shinzo Abe’s strategy to boost wages is gradually eroding consumer confidence, keeping private consumption subdued.Japan - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 4.0 | 3.6 | 3.4 | 3.1 | 2.8 |
Japan Unemployment Chart
Source: Statistics Bureau of Japan.
Japan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.04 | -4.41 % | Mar 20 |
| Exchange Rate | 110.7 | -0.35 % | Mar 20 |
| Stock Market | 21,609 | 0.40 % | Mar 20 |
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Economic News
Japan: Manufacturing sector stabilizes at low levels in March
March 22, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) was unchanged at February’s 48.9% (previously reported: 48.5) in March, the lowest level since July 2016.
Japan: Core inflation inches down in February
March 22, 2019
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in February, matching January’s result. Core inflation inched down from January’s 0.8% to 0.7% in February.
Japan: BoJ keeps monetary policy steady despite gloomier view on the economy
March 15, 2019
At its 14–15 March meeting, Bank of Japan (BoJ) board members decided in a seven-to-two vote to keep its monetary policy unchanged, in line with market analysts’ expectations.
Japan: Machinery orders contract for third consecutive month in January
March 14, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the third monthly decline in a row, suggesting that capital expenditure will remain subdued in the coming months.
Japan: Economy expands quicker than initially expected in Q4 2018 on stronger investment
March 8, 2019
Comprehensive data for the fourth quarter corroborated that the economy returned to growth after a barrage of natural disasters hit the country in the third quarter.
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