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Japan Coincident Index 0.1change in Aug-23

- The Japan Coincident Index in August 2023 recorded a 0.1% change, reaching its highest level since June 2023, indicating a significant improvement in economic conditions.
- The index's reading is 0.12 above the one-year average, suggesting sustained growth and resilience in the Japanese economy.

Japan Cash Earnings 1.0% y-o-y (consensus 1.5%) in Aug-23

- Japan Cash Earnings experienced a 1.0% year-on-year growth in August 2023, the highest increase since June 2023, but far less than the 1.5% consensus expectation.
- Despite the growth, cash earnings in August were still 0.96 percentage points below the one-year average, indicating a slower recovery and persistent challenges in the economy.

Japan unemployment rate 2.7% (consensus 2.6) in Aug-23

- Japan's unemployment rate in August 2023 was 2.7%, remaining constant and slightly above the consensus forecast.
- The jobs/applications ratio in the same period was 1.29, indicating a positive environment for job seekers despite falling slightly below expectations.

Japan industrial production 0.0% m-o-m in Aug-23

- Japan's industrial production remained unchanged in August 2023, but demonstrated significant improvement compared to the previous year, exceeding the one-year average by 0.30 percentage points.
- In September 2023, Japan's industrial production exhibited robust growth, increasing by 5.8% month-on-month in a one-month comparison, and by 3.8% month-on-month in a two-month comparison.