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Economic and Labour Situation in Japan (June 2013)

Industrial Production
Industrial production shows signs of picking up at a moderate pace.
Industrial production in April 2013 increased by 1.7% over the previous month, registering an increase for the fifth consecutive month; it was up 2.3% year-on-year. The index in April was 91.9 (seasonally adjusted).
Industries that mainly contributed to the increase were as follows: (1) transport equipment, (2) electronic parts and devices, and (3) precision instruments, in that order.
Commodities that mainly contributed to the increase were as follows: (1) large passenger cars, (2) metal oxide semiconductor ICs (memory), and (3) active matrix LCDs (liquid crystal devices) large, in that order.
According to the Survey of Production Forecast in Manufacturing, production was expected to be flat in May and to decrease by 1.4% in June.

Family Income and Expenditure Survey in April
(1) Expenditure for Two-or-More-Person Households
The average monthly consumption expenditure per two-or-more-person household in April 2013 was 304,382 yen, up 0.8% in nominal terms and up 1.5% in real terms year-on-year.
(2) Income and Expenditure for Workers' Households
The average monthly income per household stood at 479,854 yen, up 2.2% in nominal terms and up 2.9% in real terms year-on-year.
The average consumption expenditure was 340,423 yen, up 0.4% in nominal terms and up 1.1% in real terms year-on-year.

Labour Force Survey Monthly Results
(1) Employment
The number of employed persons in April 2013 was 63.12 million, an increase of 370,000, or 0.6%, over the same month in the previous year.
(2) Unemployment
The number of unemployed persons in April 2013 was 2.91 million, a decrease of 240,000, or 7.6%, from the same month in the previous year.
The seasonally adjusted unemployment rate was 4.1%.

(10,000 persons)
  April figures Change from previous year
Population aged 15 years or over 11,083 -14 -0.1
Labour force 6,603 12 0.2
Employed persons 6,312 37 0.6
Employees 5,530 53 1.0
Unemployed persons 291 -24 -7.6
Not in labour force 4,477 -27 -0.6
Labour force participation rate (%) 59.6 0.2 -
Employment rate (%) 57.0 0.5 -
Unemployment rate, original series (%) 4.4 -0.4 -
  Current month Change from previous month
Unemployment rate, seasonally adjusted (%) 4.1 0.0 -

According to a separate report released by the Ministry of Health, Labour and Welfare, job availability improved slightly in April 2013, with the ratio of job offers to jobseekers standing at 0.89, up 0.03 point over the previous month. This figure means that there were 89 jobs available for every 100 jobseekers.

Consumer Prices
The consumer price index in Japan in April 2013 was 99.7 (2010=100), up 0.3% over the previous month and down 0.7% from the same month in the previous year.

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