The unemployment rate in Japan came in at 5.2 percent in May, the Ministry of Internal Affairs and Communications said on Tuesday, marking its highest level since September 2003. Analysts had expected an increase of 5.1 percent following the 5.0 percent gain in April.
June 30, 2009
Australian Private Sector Credit -0.1% On Month In May
Total credit provided to the private sector was down 0.1 percent in May, the Reserve Bank of Australia said on Tuesday, following a rise of 0.1 percent over April. Over the year to May, total credit rose by 3.9 percent.
Japan Unemployment 5.2% In May
The unemployment rate in Japan was 5.2 percent in May, the Ministry of Health, Labor and Welfare said on Tuesday, marking its highest level since September 2003. Analysts had expected an increase of 5.1 percent following the 5.0 percent gain in April.
Japan Household Spending +0.3% On Year In May
Average household spending in Japan was up 0.3 percent on year in May, the Ministry of Health, Labor and Welfare said on Tuesday, versus expectations for a 1.5 percent decline following the 1.3 percent annual contraction in April.
Japan Unemployment On Tap For Tuesday
Japan is scheduled to release May numbers for unemployment on Tuesday, setting the pace for a modest day for Asian economic news. Japan also will provide May data for household spending, labor cash earnings, housing starts and construction orders, plus June’s small business confidence survey.
OECD Sees U.K’s Govt. Deficit Reaching 14% Of GDP By 2010
Monday, the Organization for Economic Co-Operation and Development or OECD warned that U.K’s rapidly rising government deficit would reach close to 14% of the country’s gross domestic product by 2010.
Fed’s Rosengren: Discount Window Experience Qualifies Fed To Be Systemic Supervisor
Boston Fed President Eric Rosengren defended the move to make the Federal Reserve a central part of the new system-wide approach to regulation Monday. Speaking at the Risk Capital 2009 Conference in Brussels, Belgium, Rosengren said that because the Fed is the discount window operator, it is logical for them to have a role in macroprudential supervision.
Singapore, Dutch Central Banks Sign Liquidity Deal
Monday, the Monetary Authority of Singapore and De Nederlandsche Bank signed in a Memorandum of Understanding for an arrangement to increase liquidity provision to banks in non-routine situations.
UK Mortgage Lending Growth Smallest On Record In May
Mortgage lending in the UK showed the smallest monthly increase on record, a report from the Bank of England showed Monday.
Eurozone Economic Sentiment Up More Than Expected In June
In a further sign that the worst of the recession would be over soon, Eurozone economic sentiment rose more than expected in June, a closely watched survey revealed Monday.