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Friday, 2nd October 2009
In Business In Japan,

Japanese unemployment falls

The number of people unemployed in Japan has fallen for the first time in seven months, it has been announced.

In August, the jobless rate stood at 5.5 per cent, which is the lowest it has been for more than half a year. Market analysts also expected the figure to be around 5.8 per cent for August.

Overall, 3.61 million people did not have a job in August, which is 890,000 more than were out of work in the same month in 2008.

Commenting on the figures, UBS economist Takuji Aida told the AFP that while the jobs market in Japan "is still bad" it is emerging from its worst period.

The Japanese government was tentatively positive about the news and labour minister Akira Nagatsuma said: "The figures may give the impression that the situation has improved a bit. However, it continued to be around the worst levels in the post-war period."

Written by Susan Ballion.