Japan’s Job Market Remains Tight, Keeping Pressure on Wages
- Labor market tightness may not be enough for BOJ’s wage goal
- Retail sales maintain gains but are weaker than forecast
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Japan’s labor market showed further signs of tightening in October, a development that will help keep upward pressure on wages.
The job-to-applicants ratio climbed to 1.35 last month, meaning there were 135 jobs offered for every 100 applicants, the labor ministry reported Tuesday. It was a slight rise from 134 positions a month earlier, and matched the economists’ forecast.