February employment data from Japan
Job-To-Applicant Ratio 1.58
- expected 1.60, prior was 1.59
Jobless Rate 2.5%
- expected 2.6%, prior was 2.4%
The background to this data is jobs growth in Japan - employment indicators show improvement. January's drop in the u/e rate (there was a jobs spike in the accommodation, eating & drinking service industries with tourist demand from Asia during the lunar new year holiday) was expected to retrace a little in February.
---
There is industrial production data still to come from Japan, due at 2350GMT.
I'll probably pop back in for that before heading off for the rest of the holiday.
And later in the session, a heads up for some Bank of Japan Japanese Government Bond buying, a regular QE operation (1-3, 3-5, 5-10 years still left until maturity)
