Japanese S&P Global Services PMI Flash (Jan) 53.4 (Prev. 51.6)
Newsquawk Staff ·
Japanese S&P Global Services PMI Flash (Jan) 53.4 (Prev. 51.6)
What it means
The Japanese S&P Global Services PMI Flash for January came in at 53.4, indicating an acceleration in service sector growth compared to the previous month’s 51.6. This stronger-than-expected reading could positively influence sentiment around the Japanese economy and may lead to reassessments of monetary policy expectations, especially regarding rate stability and growth forecasts.
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