Reported 11 months ago
Japan's service sector sentiment in May fell to its lowest level in almost two years, as rising costs affected household spending, making it challenging for the Bank of Japan to consider increasing interest rates. The index measuring sentiment among service-sector firms dropped to 45.7, the lowest since August 2022, while the gauge of firms' sentiment on the economic outlook also declined to 46.3, the weakest since July 2022. The 'economy watchers' survey, reflecting consumer spending and the broader economy, is closely monitored by markets.
Source: YAHOO