While these numbers for February as not as good as those in January they are a long way from being of concern. Japanese firms have mentioned the difficulty in finding labour, so perhaps they’ll find something positive to take away from this data.
Japan’s CEOs less upbeat on the economy, cautious ahead of wage hikes kicking in
The bigger focus was on the inflation data:
Tokyo area March inflation data: Headline 2.6% y/y (prior 2.6%)
This article was written by Eamonn Sheridan at www.forexlive.com.