Japan labour demand increases, good sign for economic upturn

The job availability in Japan reached its peak in 22 years last month following the growth in companies' confidence about hiring. The job-to-applicants ratio jumped to 1.10 in June from 1.09 in May. The unemployment rate unexpectedly grew to 3.7% in June from 3.5% in the previous month. The officials expect the economic recovery to continue in the third quarter without additional measures from the BoJ.