Reported 29 days ago
Japan's labor market strengthened in September, with the job-to-applicant ratio rising to 1.24 and the unemployment rate dropping to 2.4%. This tightening of the labor market suggests increased pressure on companies to raise wages, which aligns with the Bank of Japan's upcoming policy meeting. Economists anticipate that this trend will positively influence wage negotiations, with labor unions pushing for at least a 5% wage hike this year. The situation also reflects growing labor shortages, especially among small and medium-sized enterprises.
Source: YAHOO