Japan's unemployment rate surprisingly increased 20 basis points, from 2.5% to 2.7%.
This is the first time that unemployment rates increased for the last 4 quarters.
Although it might not seem like a lot, looking back at the past few quarters, this rise is one of the highest and it does worry the Bank of Japan and the government.
Not to mention, economists all expect it to hold at 2.5%.
Another worrying data is labor market data demand. The job offers to applicants ...

The FHFA House Price Index (FHPH) is a measure of the change in house prices for single-family homes purchased with conforming mortgages. It is published by the Federal Housing Finance Agency (FHFA).
The FHPH is based on a sample of mortgages that have been purchased or guaranteed by Fannie Mae or Freddie Mac. The index is calculated using a repeat-sales methodology, which means that the same homes are re-appraised at multiple points in time. This helps to...

1. US Commerce Secretary Gina Raimondo spent a second day in China stabilizing bilateral relations with its third-largest trading partner.
The two nations agreed to set up a joint working group for the first time in three years, which includes representatives from the government and private sector. The group agreed to meet twice a year, with the first meeting to be held in Washington in early 2024. The US and China also agreed to set...

China has launched a campaign to boost its sluggish stock market and revive investor confidence in an economy experiencing challenges.
Over the weekend, a series of measures were announced to enhance China's stock market, including reducing stamp duty, slowing the pace of initial public offerings (IPOs), and encouraging margin financing. Furthermore, State-run banks could trim mortgage rates on existing home loans to spur spending, accor...