Japan's Unemployment Rate ticks down to 2.3%

Japan's Unemployment Rate improved even further for September, with the seasonally-adjusted m/m reading coming in at 2.3%, beating the market expectations of a hold at 2.4%.

The number of unemployed people in Japan declined by 280 thousand, or 14.7%, from the same period a year ago, and Japan's Unemployment Rate is sticking close to the all-time low of 2.2%, marked in this year back in April.

The Jobs/Applicant ratio also remains healthy, improving slightly to 1.64 from the previous reading of 1.63, and broader markets had expected a hold on the reported figures.