Daily Journal masthead

Japan's jobless rate drops to 20-year low, but consumer spending drops as wages stagnate


TOKYO — Japan's jobless rate fell to a 20-year low in October, but consumer spending and incomes also edged lower as the tight labor market failed to spur significant increases in wages.

The government reported Friday that unemployment in the world's No. 3 economy dipped to 3.1 percent in October, compared with a rate of 3.4 percent in September.

Consumer spending, meanwhile, fell 2.4 percent from the same month a year earlier, while average incomes fell 0.9 percent.

Japan's inflation rate also was lower in October, with core inflation excluding volatile food prices down 0.1 percent for the third month in a row.

Prime Minister Shinzo Abe has called for a 3 percent increase in the minimum wage to accelerate inflation by raising consumer demand through higher incomes.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.