Unemployment in Japan

Japan Unemployment | Economic News & Forecasts

Japan - Unemployment

The 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

2013  2014  2015  2016  2017  
Unemployment Rate4.0  3.6  3.4  3.1  2.8  

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Japan Unemployment Chart

Japan Unemployment
Note: Unemployment in % of active population.
Source: Statistics Bureau of Japan.

Japan Facts

Bond Yield-0.28-4.41 %Sep 04
Exchange Rate106.4-0.35 %Sep 04
Stock Market20,6490.40 %Sep 04

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