Unemployment in Japan
Japan - Unemployment
The economy expanded at a tepid pace in Q2 according to recent data, held back by the declaration of the third state of emergency in late April. Looking at subcomponents, private spending, government consumption and fixed investment rebounded, while the net contribution from the external sector grew more negative as import growth outpaced the expansion in exports. Turning to Q3, the composite PMI fell in July and August. Conditions have soured due to supply chain disruptions and a surge in Covid-19 cases leading to the imposition of a fourth state of emergency in July, which was recently extended to include eight more prefectures. Moreover, the economic lift from the Olympics appears to have been limited, due to travel restrictions and a ban on attendance at the Games.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: GDP grows at faster rate than previously estimated in the second quarter
September 8, 2021
According to a comprehensive estimate, GDP increased 1.9% in seasonally-adjusted annualized terms (SAAR) in the second quarter, somewhat above the 1.3% print from the preliminary estimate and contrasting the 4.2% contraction recorded in the first quarter.
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Japan: Composite PMI records worst reading since August 2020 in August
August 23, 2021
The IHS Markit Composite Purchasing Managers’ Index (PMI) came in at 45.9 in August, down from July's 48.8.
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Japan: Exports grow at a milder pace in July
August 18, 2021
Yen-denominated merchandise exports rose 37.0% on an annual basis in July, slowing slightly from June’s 48.6% surge.
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Japan: Core machinery orders deteriorates in June
August 18, 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—decreased 1.5% in month-on-month seasonally-adjusted terms in June, which contrasted May's 7.8% increase.
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Japan: Economy rebounds in the second quarter
August 16, 2021
According to a preliminary reading, GDP increased 1.3% in seasonally-adjusted annualized terms (SAAR) in the second quarter, contrasting the 3.7% contraction clocked in the first quarter.
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