AI Data Insight
The latest released number of unemployed persons in Japan for Q3 2026 significantly dropped to 1.69 million, showing a substantial improvement compared to the previous value of 1.78 million, and overall performance exceeded market expectations. Under the extreme labor shortage environment, companies have stepped up their efforts to compete for talent, which has pushed up wage growth. This not only ignites the spark of domestic consumption but also paves the way for the Bank of Japan's subsequent tightening policies.