GDP boost for Japan but unemployment rate is up

Professional Adviser
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Despite rising unemployment in Japan and the fear of its potential impact on consumer confidence, so...

Despite rising unemployment in Japan and the fear of its potential impact on consumer confidence, some positive statistics are being published. Japan's unemployment rate hit a record high of 5.5% in January, up from a revised 5.3% in December. Unemployment rose to a seasonally adjusted 3.68 million people from 3.56 million a month earlier, according to data from the Japanese statistics bureau. Meanwhile government forecasts tipped a fall in industrial production in February, as sagging exports hurt demand at the country's factories, according to Bloomberg. Stephen Hall, Japanese inve...

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