Indicators
Japan’s Job Market Tightens in Positive Sign for Wages, BOJ
- Jobless rate falls to lowest since January amid labor crunch
- BOJ is looking for positive cycle of inflation, wages, growth
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Japan’s labor market tightened in September, indicating sustained pressure on companies to raise wages ahead of the Bank of Japan’s policy meeting this week.
The job-to-applicant ratio edged up to 1.24 from 1.23 in August, meaning that there were 124 jobs offered for every 100 applicants, the labor ministry reported Tuesday. Economists had forecast no change from 1.23.