Japanese labor market is getting tighter making companies hiring employees on full-time, permanent positions, Bloomberg reports. This is good news for the Bank of Japan that is trying to reach 2% inflation. Customer prices in Tokyo grew more than was expected after two-month slide.

Unemployment level in Japan dropped to 2,2%. It is the lowest since 1992. Prices in Tokyo rose by 0,7% in June compared to last year.

Ratio of jobs to applicants is also highest in 44 years.

However, there are still risks for the economy. Japan that highly depends on export suffers from global trade conflict as well as from Chinese economy slowdown. Manufacturing volumes at factories dropped slightly in May after they showed growth three months in a row.