Back number

No.134(2013/8/15)
Economic and Labour Situation in Japan (August 2013)

Industrial Production
Japan's industrial production in June 2013 fell by the largest margin since March 2011, when the Great East Japan Earthquake and accompanying tsunami struck, as automakers cut output following gains in the previous month. The drop in production was likely to be temporary, and a strong recovery was expected in July.
Industrial production in June decreased by 3.3% from the previous month, registering the first decline in five months; it dropped 4.8% year-on-year. The index in June was 94.5 (seasonally adjusted).
Industries that mainly contributed to the decrease were as follows: (1) transport equipment, (2) electronic parts and devices, and (3) general-purpose, production, and business-oriented machinery, in that order.
Commodities that mainly contributed to the decrease were as follows: (1) large passenger cars, (2) drive, transmission, and control parts, and (3) parts and accessories of steam turbines, in that order.
According to the Survey of Production Forecast in Manufacturing, production was expected to increase 6.5% in July and to decrease 0.9% in August.

Family Income and Expenditure Survey in June
(1) Expenditure for Two-or-More-Person Households
The average monthly consumption expenditure per two-or-more-person household in June was 269,418 yen, down 0.1% in nominal terms and down 0.4% in real terms year-on-year.
(2) Income and Expenditure for Workers' Households
The average monthly income per household stood at 728,678 yen, up 2.3% in nominal terms and up 2.0% in real terms year-on-year.
The average consumption expenditure was 296,512 yen, up 1.2% in nominal terms and up 0.9% in real terms year-on-year.

Labour Force Survey Monthly Results
The unemployment rate in June was the lowest in more than four years.
(1) Employment
The number of employed persons in June was 63.3 million, an increase of 290,000, or 0.5%, over the same month in the previous year.
(2) Unemployment
The number of unemployed persons in June was 2.60 million, a decrease of 280,000, or 9.7%, from the same month in the previous year.
The seasonally adjusted unemployment rate was 3.9%, down 0.2 points from the previous month.

(10,000 persons)
  June figures Change from previous year
      (%)
Population aged 15 years or over 11,090 -6 -0.1
Labour force 6,593 2 0.0
Employed persons 6,333 29 0.5
Employees 5,571 43 0.8
Unemployed persons 260 -28 -9.7
Not in labour force 4,488 -12 -0.3
Labour force participation rate (%) 59.4 0.0 -
Employment rate (%) 57.1 0.3 -
Unemployment rate, original series (%) 3.9 -0.5 -
  Current month Change from previous month
Unemployment rate, seasonally adjusted (%) 3.9 -0.2 -

According to a separate report released by the Ministry of Health, Labour and Welfare, job availability improved slightly in June 2013, with the ratio of job offers to jobseekers standing at 0.92, up 0.02 points over the previous month. This figure means that there were 92 jobs available for every 100 jobseekers.

Consumer Prices
Consumer prices rose for the first time in more than a year.
The consumer price index (excluding fresh food) in June was 100 (2010=100), the same level as in the previous month and up 0.4% over the same month of the previous year.

Copyright(C) JILAF All Rights Reserved.