What's NewEco watchers survey for May points to near term recovery.

The "Economy watchers survey" is a monthly survey of people who are working in industries that are sensitive to economic trends, such as household activity, corporate activity, and employment which is released by the Cabinet Office. (June 8, 2021)

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Unemployment in Japan rose to 3% in May 2021.

of "Unemployment Rate"

The unemployment rate is the ratio of unemployed to the total working population. One needs to be actively searching for work to be recognized as an unemployed individual. In 2019, the Japanese unemployment was one of the lowest among the OECD countries alongside Germany and the Czech Republic. The NAIRU, the Non-Accelerating-Inflation-Rate of Unemployment rate, was considered to lie between 3.5% and 4.5% in Japa...

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Job offers continue to decline, down to 2.15 million in May 2021.

In May 2021, Consumer Price Index (CPI) inflation in Japan dipped to 0.1% YoY.

In April 2021, basic and overtime wages increased by 1.2% YoY.

Foreign visitors to Japan saw a rise of 501.3% YoY in May 2021.

“Number of visitors to Japan” is published by the Japan National Tourism Organization (JNTO). This number includes all foreign visitors to Japan except foreign residents in Japan and crew members.

Tourism from abroad is one of the few promising businesses in Japan. Foreign visitors to Japan doubled in the last decade and reached 10 million people for the first time in 2013, led by an increase of Asian v...

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