Market Updates
Japan's Business Sentiment Worsens, Jobless Rate Rises
Brian Turner
01 Jul, 2022
New York City
The Nikkei fell near a two-week low after the Bank of Japan[s tankan survey of large companies showed sentiment worsened in the three-month period to June.
The sentiment index among large companies dropped to 9 from 14 in the previous survey for three months ending in March.
The business executives estimated the yen to weaken to 131.65 against one dollar from the previous estimate of 128.20 in the March survey.
Japan's Jobless Rate Rises
Japan's jobless rate increased unexpectedly to 2.6% in May from 2.5% in April, the Ministry of Internal Affairs said Friday.
The unemployment rate increased for the first time in four months.
On a seasonally adjusted basis, the total number of employed declined to 67.24 million, a fall of 140,000 from April the ministry added.
On a seasonally adjusted basis, the total number of unemployed increased to 1.8 million, a rise of 40,000 from April.
The number of new job seekers were unchanged at 460,000 in May from April and voluntary departures increased 8.2% in May to 790,000.
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