Japan Jobless Rate Climbs To 2.6% In February

RTTNews | 29 days ago
Japan Jobless Rate Climbs To 2.6% In February

(RTTNews) - The unemployment rate in Japan came in at a seasonally adjusted 2.6 percent in February, the Ministry of Internal Affairs and Communications said on Friday.

That exceeded expectations for 2.4 percent, which would have been unchanged from the January reading.

The jobs-to-applicant ratio was 1.26, shy of forecasts for 1.27, which again would have been unchanged.

The participation rate was 62.8 percent, beating forecasts for 62.7 percent and up from 62.6 percent in the previous month.

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BoJ Keeps Key Interest Rate Near Zero

BoJ Keeps Key Interest Rate Near Zero

The Bank of Japan left its key interest rate unchanged near zero and the bank's latest projections showed the underlying inflation staying around 2 percent that further damped expectations for aggressive tightening in future. The BoJ policy board, headed by Governor Kazuo Ueda, unanimously decided to hold the overnight interest rate at around 0 to 0.1 percent.
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Japan Core Machine Orders Surge 7.7% In February

Japan Core Machine Orders Surge 7.7% In February

The value of core machine orders in Japan jumped by a seasonally adjusted 7.7 percent on month in February, the Cabinet Office said on Monday - coming in at 886.6 billion yen.
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