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June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from the coronavirus pandemic.
Japan’s factory output advanced 2.7% in June, official data showed on Friday. This followed after it plunged to its sharpest level since the financial crisis of 2009.
Separate data showed the unemployment rate in June inched lower from its three-year peak recorded in May. However, the number of job vacancies per applicant surpassed a five-year low record.
The increase was mainly from a recovery monitored in motor vehicle production, placing higher than the 1.2% jump predicted in a Reuters survey. In addition to this, Japan has resumed its economic operations after the government lifted lockdown measures at the end of May.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
KYC Policy