Japan’s Economy

I can’t believe it’s August 1st already – time certainly flies when you are having fun!

As a change of pace from all the Japanese summer festival postings, a short blog post about Japan’s economy, which is currently the world’s #2 largest economy (although may not be for too long as China continues its growth).


Recently released June data highlights:

  • 5.4% unemployment rate (highest in 6 years)
  • 1.7% Y/Y decrease in consumer prices (deflation)
  • 32.4% Y/Y decline in Japanese housing starts (seventh consecutive month of decline)
  • 2.4% increase in industrial output compared to last month, but a 20% Y/Y decrease
  • 0.1% interest rate set by the Bank of Japan
  • Nikkei closed 10,356.83 on July 31, 2009 (new 10-month high)
  • Exchange rate at 95 Yen = US$1

Finally, a general (national) election will be held on August 30, 2009.  Now back to our regularly scheduled programming 🙂

One thought on “Japan’s Economy

  1. Pingback: Japan's Economy « Konnichiwa

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