Unemployment in Japan
Japan - UnemploymentThe economy fared worse than initially expected in the second quarter due to a downgrade in capital expenditure. Despite the weaker Q2 GDP reading, Prime Minister Shinzo Abe decided to move ahead with a long-delayed sales tax hike from 8% to 10% for 1 October. The first increase in the sales tax in 2014 caused the economy to collapse, with private spending posting the largest drop in history in Q2 2014. This time around the government has planned a host of fiscal countermeasures to avoid an economic blow. That said, consumer confidence still sunk to an over five-year low in August, signaling that private consumption could shrink in the coming quarters. Moreover, an uncertain global economic outlook is putting a dent in Japan’s all-important external sector and businesses’ investment plans. On the upside, the services sector held up well in July-August, while the unemployment rate fell to a near three-decade low in July.
Japan - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Japan Unemployment Chart
Source: Statistics Bureau of Japan.
|Bond Yield||-0.28||-4.41 %||Sep 04|
|Exchange Rate||106.4||-0.35 %||Sep 04|
|Stock Market||20,649||0.40 %||Sep 04|
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October 10, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, contracted for the second month in a row in August, suggesting that an uncertain global economic outlook is weighing on investment planning.
October 2, 2019
Consumer sentiment declined from 37.1 in August to 35.6 in September.
October 1, 2019
According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers in Q3 2019 declined to the lowest point since Q2 2013 as rising trade protectionism and subdued global growth take their toll on Japan’s all-important external sector.
September 30, 2019
Industrial production fell 1.2% on a month-on-month and seasonally-adjusted basis in August, contrasting July’s 1.3% increase.
September 24, 2019
The Jibun Bank flash composite Purchasing Managers’ Index (PMI) fell from August’s 51.9 to 51.5 in September.