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Japan's low unemployment rate may signal end of deflation

Figure is at a 24-year low and could lead to higher wages, consumer sentiment

A woman checks out recruitment information posted at the Tokyo Metropolitan Government Labor Consultation Center in Tokyo.   © Reuters

TOKYO -- A tighter job market may be setting the stage for Japan to finally climb out of its two decades of deflation.

The seasonally adjusted unemployment rate released Tuesday by the Ministry of Internal Affairs and Communications fell to 2.7% in November, a 24-year low. The jobs-to-applicants ratio hit a 44-year high, according to the Ministry of Health, Labor and Welfare. Stable payrolls moderately pushed up consumption and inflation in Japan.

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