Japan jobless rate steady at 2.6%, labour market remains tight

  • The stable jobless rate and steady hiring ratio suggest limited near-term pressure for the BoJ to adjust policy, keeping focus on wage trends and inflation data ahead of December’s meeting.
Texas jobless claims

Japan labour market steady in September, government data showed Friday.

Japan’s job market showed little change in September, with the unemployment rate holding at 2.6%,

  • matching August’s level and slightly above economists’ expectations for 2.5%

The jobs-to-applicants ratio remained steady at 1.20, in line with forecasts, indicating that there were 120 job openings for every 100 applicants.

The figures suggest Japan’s labour conditions remain tight but stable, providing little new impetus for the Bank of Japan as it weighs future policy moves.

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