• Japan’s unemployment rate increased

Market news

27 December 2016

Japan’s unemployment rate increased

The unemployment rate published by the Ministry of Health, Labour and Welfare and the Bureau of Statistics of Japan, was 3.1% in November which is higher than the previous value of 3.0%. Was expected that the index to remain at 3.0%.

Household spending dropped significantly in November compared with the previous month. As reported by the Ministry of Internal Affairs and Communications, spending was down 1.5% year on year, after declining by 0.4% in October. The level of expenditure can be used as an indicator of consumer optimism. The indicator is also a barometer of economic growth. As can be seen from the data, consumer spending declined, which is negative for the Japanese economy and Japanese currency.

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