Japan Economic Data

Japan's unemployment rate rose more than expected in October, although the month's drop in household spending was less than economists had forecast.

 The October jobless rate hit 4.5% for the month, with the result comparing to a Dow Jones Newswires survey projection that the rate would stay flat at 4.1%.

 Price-adjusted spending by households of two or more people fell 0.4% from a year earlier, compared to a 1.5% drop tipped by the Dow Jones Newswires survey.

 However, separately released retail sales showed a 1.9% year-on-year rise, swinging from a 1.1% drop in September.

Source : MarketWatch.com

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