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More on Japan data: Jobless rate stays at 4%

  • Unemployment held steady at 4% in October, slightly above forecasts of 3.9%, while the number of jobs edged up.
  • As expected, growth in overall household spending slowed to 0.9% on year from +3.7% in September.
  • Workers' incomes declined an average of 1.3%.
  • Manufacturing PMI rose to 55.1 in November from 54.2 in October.
  • "Business conditions in the Japanese manufacturing economy improved for the ninth consecutive month...driven for the most part by an expansion of both foreign and domestic demand," Markit says. (PR)
  • The 0.3% rise in "core core" CPI was the first gain since October 2008 and the biggest since 1998. The 0.9% increase in core CPI was the highest in five years.
  • The Nikkei closed at -0.4%, while the yen is flat at ¥102.33. (Previous)
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Comments (1)
  • canb888
    , contributor
    Comments (352) | Send Message
     
    Fighting deflation or creating inflation, that is an achievement? Isn't it in Econ 101 that just printing money by the tonnes would result in inflation thus avoid deflation like the Fed is doing?
    29 Nov 2013, 02:03 PM Reply Like
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