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Japan’s unemployment rate hits 3-year high

The unemployment rate in Japan hit a 3-year high in October. Officials say the coronavirus has driven the figure to 3.1 percent, the highest since May 2017.

The internal affairs ministry says the seasonally-adjusted unemployment rate rose one tenth of a point from September.

It’s the third straight month the figure has been in the 3 percent range.

The number of people out of work stood at just over 2 million. That number has risen for 9 straight months.

But job availability inched upwards too.

The ratio of openings to applicants rose a hundredth of a point to 1.04. That means there were 104 openings for every 100 people looking for work.

The labor ministry says that the employment situation remains serious because of the prolonged impact of the coronavirus.






厚生労働省が発表した10月の有効求人倍率は1.04倍と、前の月から0.01ポイント上昇しました。
去年4月以来、18ヵ月ぶりに改善しました。
新型コロナウイルスの感染拡大で採用を控えていた企業の一部が、夏以降に、感染の状況が落ち着いたことを受け採用を再開したことが影響したとみられます。
一方、総務省が発表した10月の完全失業率は、前の月と比べて0.1ポイント高い3.1%で2ヵ月ぶりに悪化しました。

Dec 02

The unemployment rate in Japan hit a 3-year high in October. Officials say the coronavirus has driven the figure to 3.1 percent, the highest since May 2017.
(NHK)

Dec 02

The World Trade Organization says South Korea broke international trade rules when it renewed a series of tariffs on Japanese stainless steel bars in 2017. (Bloomberg)

Dec 02

Japan’s capsule hotels have long been a convenient shelter for commuters and even an intriguing option for budget tourists. (South China Morning Post)

Dec 01

The head of the Tokyo Stock Exchange has stepped down to take responsibility for a recent trading halt.
(NHK)

Nov 30

All Nippon Airways has proposed a more flexible work setup for flight attendants, including the option of working less for lower pay, with an eye on retaining jobs while reducing personnel costs. (Nikkei)

Nov 30

Japanese trend-setters can now protect against the coronavirus in luxurious style with opulent masks adorned with diamond and pearls for a cool million yen ($9,600) each. (Reuters)

Nov 28

Tokyo stocks ended higher Friday, with the benchmark Nikkei extending its rally to a fourth straight day and renewing a 29-year high, as buying in real estate and high-tech shares wiped out initial losses on the yen’s rise.
(Japan Today)

Nov 27

Over 40 percent of medical institutions in Japan lowered their year-end bonuses for nurses and other staff members due to the effects of the pandemic, a survey by the Japan Federation of Medical Worker’s Unions has shown. (Japan Times)

Nov 27

Officials at Japanese beverage maker Kirin Holdings say they will sell their Australian drink business to a dairy maker in the country.
(NHK)

Nov 27

Japanese property developer Mitsui Fudosan plans to acquire Tokyo Dome, eyeing a tender offer of more than 100 billion yen ($960 million) for the ballpark and hotel operator. (Nikkei)

Nov 24

Carlos Ghosn’s detention for almost 130 days in a Japanese jail was neither necessary nor reasonable and violated the former Nissan Motor Co. chairman’s human rights, a U.N. panel concluded in a harsh critique of Tokyo prosecutors who led the case against him. (Japan Times)

Nov 22

The overseas outlets of U.S. retail giant Walmart have been burdened by a jinx, the severity of which seems inversely proportional to their distance from the American mainland. In other words, the further away, the weaker their earnings.
(Nikkei)

Nov 21

Japan’s major travel agency, JTB, plans to eliminate 6,500 jobs, as it expects to post the largest ever net loss this fiscal year, due to the coronavirus pandemic.
(NHK)

Nov 20

The surge in coronavirus cases across Japan is putting a damper on plans for the festive season, with many bosses say they won’t throw parties for their employees this year.
(NHK)

Nov 19

Japan’s exports in October bounced back to just below the levels seen before the novel coronavirus pandemic, as global demand for products such as cars has risen in line with a gradual recovery in business activities, government data showed Wednesday. (Japan Today)

Nov 19

This year’s Beaujolais Nouveau went on sale in Japan on Thursday with a more demure reception amid the coronavirus pandemic. (Kyodo)

Nov 19

Nikkei Inc. announced on Wednesday that it will remove NTT Docomo as a component of the Nikkei Stock Average, as the wireless carrier is expected to be delisted in December after parent Nippon Telegraph and Telephone turns it unit into a wholly owned subsidiary via a tender offer. (Nikkei)

Nov 19

SoftBank Group Corp.’s founder Masayoshi Son said he has $80 billion (Y8.3 trillion) in cash to buy back more shares and continue investing in both private and public companies. (Japan Times)

Nov 18

A Japanese sushi chain has introduced a totally contactless dining experience amid the ongoing coronavirus pandemic. (Ruptly)

Nov 18

Budget carrier AirAsia Japan filed for bankruptcy on Tuesday due to headwinds from the coronavirus. (NHK)



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