The unemployment rate published by the Ministry of Health, Labour and Welfare and the Bureau of Statistics of Japan, was 3.0% in September, lower than the previous value, and economists forecast of 3.1%. The decline indicates a strengthening of the labor market, thus, the decline in value of the indicator is positive for the Japanese currency.
However, despite the decline in unemployment to its lowest level since 1995, inflation and labor cost show a negative result, since the decline in unemployment has not yet led to a significant increase in wages, which is a key element in efforts to rebuild the Japanese economy
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