Japan’s service sentiment sees two-and-a-half-year peak, bankruptcies plunge

08.10.2020 - Kulakov Vladimir
Japan’s service sentiment sees two-and-a-half-year peak, bankruptcies plunge

Sentiment in Japan’s services sector greatly advanced in September, recording its sharpest jump in 2-1/2 years, government data showed on Thursday. This indicated that the economy is slowly emerging from the coronavirus drag.

Economy watchers, a survey for workers that gauges their proximity to consumer and retail trends, showed that workers’ confidence about the current economic situation is 5.4 points. Previously, it was read at 49.8 in September.

As the reading came to be the highest level since April 2018, it also marked its fifth consecutive month of expansion. More so, this also underscored the effectiveness of the government’s coronavirus-related efforts to save its struggling economy.

Despite weak sales amid the pandemic, a separate survey revealed that companies were able to stay afloat mainly from the government and central bank’s implementation of fiscal stimulus.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?