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Japan's finance minister raised the prospect of a Group of Seven joint statement on currencies to cool the yen's rally as the dollar tumbled to a 14-year low against the yen on Friday.
A fall in Japan's jobless rate pointed at recovery in the world's number two economy Friday, but the government fretted that the surging yen could again derail the export-reliant economy.
The yen's sharp rise is harmful to Japan's export-led economy, the finance minister said Friday as the greenback traded around 85 yen, its lowest level since the mid-1990s.
Japan's seasonally adjusted unemployment rate last month was 5.1 percent, down from 5.3 percent in September, according to government figures released Friday.
Japan's unemployment rate fell to 5.1 percent in October from 5.3 percent in September, improving for a third consecutive month, the government said Friday.
There are many reasons Japan's population is headed for a sharp decline, but one of them is that for working women giving birth usually spells the death of their careers.
Nov. 27 (Bloomberg) -- Japan’s trade ministry backed Toshiba Corp.’s bid for Areva SA’s power-grid division in a letter to French Finance Minister Christine Lagarde , Dow Jones reported, citing a person close to Toshiba.
Japan got word Friday that prices fell again in October, just as a surging yen threatens to worsen the deflation that is undermining the country's fragile economy.
Nov. 27 (Bloomberg) -- Japan’s government bonds rose, sending five-year yields to the lowest since 2005, as stocks declined on speculation the yen’s gain to a 14-year high against the dollar will hurt exporters and deepen deflation.
Nov. 27 (Bloomberg) -- Japanese officials are more likely focused on the exchange rate of the yen versus China’s yuan rather than against the dollar, according to Citigroup Inc., citing the fact that China is Japan’s biggest trading partner.
Nov. 27 (Bloomberg) -- Japan’s shipments of aluminum rolled products dropped at the slowest pace in a year in October as an economic recovery improved demand for the metal from carmakers and machinery companies.
Nov. 27 (Bloomberg) -- Japan’s unemployment rate in October unexpectedly fell for a third month, a sign that the worst may be over for the labor market.
Deflation in Japan accelerated in October, with core consumer prices down 2.2 percent from a year earlier, the government said Friday. The jobless rate, however, improved to 5.1 percent.
Japan Finance Minister: Forex Moves 'abnormal'
Nov. 27 (Bloomberg) -- Japan’s 10-year bonds gained for a second day on speculation the yen’s advance to a 14-year high against the dollar will hurt exporters and deepen deflation.
Nov. 27 (Bloomberg) -- Japan’s shipments of aluminum rolled products dropped at the slowest pace in a year in October as an economic recovery improved demand for the metal from the auto and electronics industries.
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