Unemployment rate in Japan has fallen.

◻️The unemployment rate in Japan fell to 2.4% in September, falling below economist expectations. According to data from the Ministry of Labor; The job-application ratio increased from 1.23 to 1.24.

◼️The decrease in the number of unemployed and the increase in the number of employees indicate that the tightness in the labor market continues ahead of the Bank of Japan's (BoJ) meeting to be held on Thursday.

◻️While economists do not expect the BoJ to change interest rates at this meeting, they predict that a possible interest rate hike could be on the agenda in December or January.