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Japan’s Jobless Rate Rises in Slight Negative Signal for BOJ
Japan’s unemployment rate rose for the first time in four months in July, in a slightly negative signal for both the Bank of Japan and the government. The jobless rate increased to 2.7% from June, the ministry of internal affairs said Tuesday. Economists had expected the reading to hold at 2.5%. The number of workers fell by 100,000 from the previous month, while those without jobs rose by 110,000. Separate data provided a slightly negative outlook for Japan’s labor market conditions, with the jobs offers-to-applicants ratio declining to 1.29 in July from 1.30. The data is a leading indicator of the labor market ... (full story)