Japan’s Nishimura: Recovery in availability of jobs has slowed under state of emergency

Dhwani Mehta FXStreet

The recovery in the availability of jobs has slowed under the state of emergency during January and February, the Japanese Economy Minister Yasuhisa Nishimura said on Tuesday.

His comments come after the country’s jobless rate held steady at 2.9% in February while the availability of jobs declined from the previous month.

On Monday, Nishimura announced that a state-backed fund will make its first investment into companies suffering from the fallout of the coronavirus pandemic, per Reuters.

USD/JPY challenges 110.00

Despite a broad retreat in the US dollar and risk-off environment, USD/JPY remains underpinned and closes in on the 110.00 level.

The spot was last seen trading at 109.88, up 0.11% on the day.

Separately, some chatter is doing the rounds that the Japanese exporters are reportedly selling into the 110.00 round number, in the face of the fiscal year-end in Japan.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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