Japan's unemployment rate 4.9% in July for first rise since January
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TOKYO  - Japan's jobless rate rose to 4.9 per cent in July, the first month-to-month increase since January, the government announced Friday.
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Confidence at major Japanese companies remained the same as three months ago, a closely watched Bank of Japan survey showed Monday, possibly reinforcing expectations that the central bank will raise interest rates in August.
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Japan's economy got more good news Friday as the government said consumer prices rose for the fifth straight month and the jobless rate dropped in October.
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Japanese shares resumed their Christmas rally on Tuesday after the countryâs industrial production rose for the first time in three months, providing some hope that the economy could bounce back after a six-month pause.
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Hiring slowed in July as employers added just 113,000 new jobs, propelling the unemployment rate to a five-month high of 4.8 percent and providing fresh evidence that companies are growing cautious amid high energy prices. Wages grew solidly.
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Japan's unemployment rate unexpectedly climbed for the second consecutive month in September, prompting warnings from economists that the country's five-year expansion may be showing signs of fraying.
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The nation's labor market softened a bit in the new year, with the unemployment rate edging up to 4.6 percent in January as job growth slowed, the Labor Department said today.
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Japanese wholesale prices rose 3.4 percent in August from a year earlier, matching JulyÂs rise, which was the fastest pace of growth in more than 25 years, and signaling that inflationary pressure is gradually building on high oil prices. But the data is unlikely to heighten expectations of an early interest rate increase by the Bank of Japan because consumer price growth remains subdued, with companies still reluctant to fully pass on rising raw material costs to consumers. The 3.4 percent rise in the corporate goods price index matched economistsÂ consensus forecast as well as the year-to-year rise in July, which was the largest since March 1981, the Bank of Japan said.
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Japan's unemployment rate fell to 4.6 percent in September, the government said Friday in the latest sign of a recovery in the job market of the world's second largest economy.
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The Nikkei average rose 1.38 percent on   Monday, hitting its highest levels in more than three months,   as exporters such as Canon Inc. 7751.T gained on a slightly   stronger than expected U.S. jobs report.
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Japan's Nikkei rose 0.54 percent on  Tuesday to post its highest close in five months after economic  data supported the view that Japan's economic slowdown is  temporary, giving a boost to banks such as Mizuho Financial  Group
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TOKYO: Japan&#39;s unemployment rate in November fell to a near six-year low of 4.5 percent from 4.7 percent in October, the government said, in better figures than the consensus forecast of 4.7 percent.
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Tokyo&#39;s Nikkei 225 share average finished the year on a high Thursday, gained 0.94 percent on Thursday. Carmakers such as Honda Motor Co.
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Tokyo's Nikkei average rose 1.47 percent  by mid-morning on Friday with broad range of stocks getting a  lift thanks to a higher-than-expected key figure in the Bank of  Japan's latest corporate sentiment survey.
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Japan's Nikkei share average rose to its  highest close in four weeks on Friday as hopes grew for a  seasonal year-end rally, spurring buying in a wide-range of  issues.
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Japan&#39;s core private-sector machinery  orders, a key gauge of corporate capital spending, rose 5.9  percent in May from the previous month, government data showed  on Monday.
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Japanâs central bank left its benchmark interest rate unchanged at 0.5 percent, saying it wanted to wait until after this monthâs elections to reassess the economy. The decision matched expectations of analysts who predicted that the Bank of Japan did not want to risk rattling markets or the public by tightening credit before the July 29 parliamentary polls. The bankâs governing board voted 8-to-1 on the decision, which came at the end of a two-day policy meeting, increasing the chance that the central bank will raise rates in August. The bank lasst raised its benchmark interest rate in February, when it lifted it from 0.25 percent.