Japan labor market shows signs of tightening, raises wages

In October Japan's labor market showed signs of tightening, a move that will help keep upward pressure on wages.

The labor ministry reported Tuesday that there were 135 jobs offered for every 100 applicants because of the increase in the job-to- applicants ratio. It was a slight increase from 134 positions a month earlier, and matched the economists' forecast.

The unemployment rate remained low in October, according to a separate report. The ministry of internal affairs said the jobless rate was at 2.6%. The number of people with jobs increased by half a million compared to the year before, led by gains in the hospitality and medical sectors.

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