Subscribe free to our newsletters via your
. Military Space News .




POLITICAL ECONOMY
Japan unemployment, household spending up in April
by Staff Writers
Tokyo (AFP) May 29, 2012


Japan's unemployment rate rose slightly in April, official data showed Tuesday, with analysts highlighting the struggling electronics sector as contributing to job losses.

The nation's jobless rate edged up to 4.6 percent from 4.5 percent in March, the internal affairs ministry said, defying economists' expectations that it would remain flat according to Dow Jones Newswires.

However, positive data showing household spending on the rise gave hope amid a lumbering economic recovery.

The news came as reports said Tuesday Panasonic may halve its 7,000-strong Osaka headquarters as part of a bid to streamline the Japanese electronics giant and turn a profit following a record $9.7 billion annual loss.

"Japan's job market is expected to stay at the current level for now but may make progress in line with an expected gradual recovery of the Japanese economy," said Hideki Matsumura, senior economist at Japan Research Institute.

"Japan's job situation is divided over business sectors. The electronics sector is, for example, on the negative side as they are still struggling to find a cue to pick up," he added.

Japan's electronics sector has been hit by the appreciation of the yen, which makes exporters' products less competitive overseas, while falling prices in the face of tough competition and slow demand at home have also eaten into profits.

The government also said Tuesday that household spending rose an inflation-adjusted 2.6 percent from a year earlier in April, higher than an average 2.2 percent growth forecast by economists.

Average spending per household came to 301,948 yen ($3,790) in the month.

"The household spending figures are not so bad," Matusmura said.

The labour ministry said in a separate report Tuesday that the ratio of jobs available to job seekers stood at 0.79 in April, up from 0.76 in March, meaning there were 79 posts on offer for every 100 job hunters.

Last week, the Bank of Japan said it would keep interest rates at an ultra-low zero to 0.1 percent with the nation's moribund economy "expected to return to a moderate recovery path as the pace of recovery in overseas economies picks up."

It also said reconstruction-related spending would help power the world's third-largest economy following the March 2011 quake-tsunami disaster.

However the central bank warned that "there remains a high degree of uncertainty about the global economy, including the prospects for the European debt problem" and the speed of a US economic recovery.

Japan's national debt also remains a key concern, with Fitch cutting the country's sovereign credit rating this month, and warning of another possible downgrade if Tokyo does not hasten a bid to shrink its staggering liabilities.

Tokyo's debt stands at more than twice its gross domestic product -- the highest ratio among industrialised nations.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China's rising costs deter European business: survey
Beijing (AFP) May 29, 2012
One in five European companies operating in China may invest elsewhere in the future as wages are getting too high and regulations too cumbersome, according to a poll released Tuesday. The European Chamber of Commerce said that while China was an increasingly important market for its members, many were deterred by rising prices and regulatory barriers in the world's second largest economy. ... read more


POLITICAL ECONOMY
Rafael seeks to boost range of Iron Dome

Lockheed Martin Delivers Core Structure for Fourth SBIRS Satellite

NATO activates missile shield, reaches out to Russia

NATO activates missile shield despite Russian anger

POLITICAL ECONOMY
Pakistan tests nuclear-capable missile

Taiwan deploys anti-China missiles: report

Rafael seeks missile shield for helicopters

S. Korea 'to spend $2 bn' on hundreds of missiles

POLITICAL ECONOMY
US drones kill 9 militants in Pakistan: officials

AeroVironment Introduces Digital Wasp AE Small Unmanned Aircraft System

A new imaging system produces 3D models of monuments using unmanned aircraft

US drone strike kills eight in Pakistan: officials

POLITICAL ECONOMY
Researchers Improve Fast-Moving Mobile Networks

Second AEHF Military Communications Satellite Launched

Fourth Boeing-built WGS Satellite Accepted by USAF

Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

POLITICAL ECONOMY
Congress to spend more on tanks than US military wants

Pre-qualified modular app ready platform gets apps promptly to the battlefield

Raytheon awarded $57.8 million Phalanx contract

ARL-led program enables new manufacturing processes for ballistic protection

POLITICAL ECONOMY
Treatment of Vietnam vets 'a national shame': Obama

$3B in training deals for European firms

Canadian military shakeup to save costs

S. Korea says to pick weapons suppliers in October

POLITICAL ECONOMY
Commentary: Alarm bells in the U.S.

Obama's Memorial Day message: troops are coming home

China cancels high-level military visit to Japan

Outside View: America's future

POLITICAL ECONOMY
First direct observation of oriented attachment in nanocrystal growth

Stunning image of smallest possible 5 rings

Sensing the infrared: Researchers improve IR detectors with single-walled carbon nanotubes

Quantum dots appear safe in pioneering study on primates




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement