Key Points
The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May. ..
Japan's service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday...
"Japanese private sector firms remained strongly optimistic that activity would continue to expand over the coming year," as the pandemic and the inflation pressures on the economy ease, said Usamah Bhatti, an economist at S&P Global Market Intelligence...
A quarterly Bank of Japan "tankan" survey for June released on Monday showed non-manufacturers' business sentiment hit the highest level since June 2019, while an index reflecting sentiment among hotels and restaurants hit a record high...
Mirroring the trend, the PMI survey showed a recovery in inbound tourism helped June's new export business stay in expansion for the 14th month straight, even though the pace of increase was the slowest in three months...
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