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Japan data: September unemployment rate 2.6% (expected 2.6%)

Eamonn Sheridan
30/10/2023 | 23:32 GMT

The jobless rate in Japan is super-low and fell again from August.

Japan jobs market 31 October 2023

The labour market is not a concern of the Bank of Japan, its doing just fine.

The meeting is ahead, with the Statement due sometime in the 0230 to 0330 GMT time window.

  • At least we know what the BOJ will do today: 10 year JGB yield to be permitted above +1%
  • ICYMI: BOJ set to allow 10-yr Japanese government bond yields to rise above 1% ('sources')
  • Bank of America expect the BOJ to allow the 10 year JGB yield ceiling to rise to 1.5%

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