Japan Near Stagnation Following 9 Months of Growth; Service Sector Prices Back in Deflation; Spotlight on Abenomics

Weakest rise in service sector activity in nine months Services employment and new orders broadly stagnate Ninth successive month of higher input prices in the service sector Summary The latest data for Japanese service providers indicated that the expansion evident in previous surveys continued in July, but the pace slowed. Business activity increased only marginally, whilst new business and employment stagnated, in each case ending eight-month sequences of growth. The headline seasonally adjusted Business Activity Index fell in July to 50.6 from 52.1 in June

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Japan Near Stagnation Following 9 Months of Growth; Service Sector Prices Back in Deflation; Spotlight on Abenomics