Japan Jobless (Unemployment) rate for March 2.6%
expected 2.9%, prior 2.9%
Job to applicant ratio for March 1.10
expected 1.09, prior 1.09
Japan, 99 problems but unemployment ain't one.
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The Fed (and RBA) is looking for the unemployment rate to drop so as to fuel wage gains so as to fuel the inflation rate. Japan has super-low unemployment but basically zero wage gains and (see post on inflation data just out) basically zero inflation. Makes ya think ....
