JAPAN'S UNEMPLOYMENT RATE WAS 2.9 PERCENT IN FEBRUARY%
In February, Japan's unemployment rate remained at the January level of 2.9%. Reports the country's State Bureau. The indicator is calculated taking into account the seasonal factor. Analysts who took part in the survey expected it to grow to 3%. The number of unemployed Japanese people increased by 22% year-on-year, or 350 thousand people, to 1 million 940 thousand people. The number of unemployed residents of all ages decreased by 190 thousand people or 0.4% compared to the same month of the previous year to 40 million 60 thousand people. Earlier it was reported about the continuation of deflation in the country. In February, consumer prices in Japan declined at an annual rate of 0.4%. A month earlier, they fell by 0.6%. On a monthly basis, price growth slowed to 0.1% in February. A month earlier, prices rose by 0.6%. At the end of last year, the Japanese economy shrank by 4.8%. The decline was recorded for the first time since 2009. This year, Japan's economy is expected to recover on the back of rising export supplies and consumer demand.
The exchange rate of the Japanese Yen to the US Dollar (USD/JPY) is in a downtrend and now stands at 110.2.