— See Separate Table For Details of Individual Forecasts
TOKYO (MNI) – Japan’s seasonally adjusted unemployment rate is
forecast to have remained at 4.5% in November, unchanged from October,
while the ratio of job offers to seekers is seen improving to 0.68 in
November from 0.67 the previous month, according to the median forecast
of analysts surveyed by Market News International.
The Ministry of Internal Affairs and Communications will release
the unemployment rate while the Ministry of Health, Labor and Welfare
will release the ratio of job offers to job seekers, both at 0830 JST on
Wednesday, Dec. 28 (2330 GMT Tuesday).
In November, the ratio of job offers to seekers, which is seen as a
coincident indicator of the economy, is expected to have posted the
highest figure since 0.70 marked in December 2008.
Looking ahead, Takehiro Sato, chief economist at Morgan Stanley
MUFG, said, “Firms may be more cautious about increasing employment due
to slowing overseas economies and the strong yen,” adding, “Major gains
in employment cannot be expected for the time being.”
skodama@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4838 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
