Japanese unemployment rate hits two-decade low

Japanese unemployment rate hits two-decade low

Japan’s unemployment rate fell to 3% in July, the lowest for 21 years, despite the country’s stagnant economy.

Separate data showed spending by households in Japan fell by less than expected in the month.

Japan’s government has been struggling for years to find a way to boost growth in the world’s third-largest economy.

Prime Minister Shinzo Abe’s ambitious reform agenda, dubbed Abenomics, has introduced huge stimulus packages to try to revive the economy.

Japan’s economy grew at an annualised rate of just 0.2% in the three months to June and recent inflation figures fell far short of the central bank’s 2% target, so Tuesday’s fresh data provides a rare glimpse of positive news.  Read More: http://www.bbc.com/news/business-37218507

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