Japan’s capital spending dropped -11.3% in Q2, much worse than expectation of -4.0%. That’s also the worst decline since Q1 2010, as coronavirus pandemic hit manufacturing and services investments.
In July, unemployment rate ticked up to 2.9%, from 2.8%, better than expectation of 3.1%. Job-to-applicants ratio slipped for the seven consecutive month, from 1.11 to 1.08, lowest since April 2014.
