The seasonally adjusted unemployment rate in Japan edged lower to 2.3 percent in June from 2.4 percent a month earlier, ending slightly below market estimates of 2.4 percent. June’s unemployment rate was the lowest in the four-month period, with 60,000 unemployed personnel finding jobs, while the number of employed expanded by 70,000 to 67.01 million.
The ongoing US-China trade conflict took an ugly turn in May after the United States imposed sanctions on the world’s biggest supplier of telecom equipment and smartphones, China’s Huawei Technologies, cutting the company off from all of its trading partners in the US and barring US companies from supplying components without government approval.
Japan’s international-trade balance jumped to a whopping ¥139.56-billion surplus in September, after registering two successive months of deficits. The trade numbers came in better than Street expectations of a ¥50-billion deficit but narrowed considerably from the ¥654-billion surplus
US tariffs are starting to take a toll on the Chinese economy, with the September manufacturing PMI stalling at 50.0 after expanding for 15 months in a row
Aligning with market expectations, the unemployment rate in Japan came in at 2.5 percent in April, unchanged for the third consecutive month this year. The unemployment rate for jobseekers in the age group ranging between 15 and 24 years of age also remained stable at 3.8 percent.
It’s been the year of the bitcoin bloodbath, as crypto-carnage reached new highs with bitcoins and the other well-known names in digital-currency markets extending a freefall. Likewise, Ethereum, Litecoin, Bitcoin Cash and Ripple followed a similar pattern in February of this year.
Japan has traditionally had an affinity towards an eased monetary policy. The Bank of Japan (BoJ) has over the last decade or so stuck to lower interest rates and on-and-off bond-buying, even while fighting to push the inflation level to 2 percent.
Tankan is a quarterly corporate survey organized by the Bank of the Japan (BOJ) for businesses operating in the country. The short-term economic survey is conducted to gauge the business sentiment in the country and includes more than 10,000 Japanese companies: small, medium and large enterprises in addition to financial institutions.