TOKYO - Japan's services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic restrictions.The final au Jibun Bank Japan Services purchasing managers' index (PMI) climbed to a seasonally adjusted 55
TOKYO - Japan's services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic restrictions.
"Strong increases in travel, leisure and tourism spending underpinned another month of swift recovery for the Japanese economy as the impact of COVID-19 continued to fade," said Tim Moore, economics director at S&P Global Market Intelligence. The government also decided to reclassify COVID-19 as an infectious disease level on par with the seasonal flu.New orders expanded at the fastest pace on record, the survey showed, citing a sharp return of spending for travel and tourism.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
April heat in western Mediterranean 'almost impossible without climate change': StudyThe “exceptional early heatwave” involved “local temperatures up to 20 degrees hotter than normal. Read more at straitstimes.com.
Read more »
China forex reserves rise to $3.205 trln in AprilBEIJING : China's foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.The country's foreign exchange reserves - the world's largest - rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion tipp
Read more »
Aftershocks shake Japan after quake kills one, destroys homesOfficials are assessing the damage from the jolt that destroyed several buildings. Read more at straitstimes.com.
Read more »
Aftershocks shake Japan after quake kills one, destroys homesTOKYO: Aftershocks shook Japan a day after a powerful earthquake left at least one person dead, with officials assessing damage Saturday (May 6) from the jolt that destroyed several buildings.
Read more »
Japan PM Kishida visits Seoul to forge closer ties amid North Korea threatsTOKYO/SEOUL – Japan's Prime Minister Fumio Kishida visits Seoul on Sunday (May 7) to meet South Korean President Yoon Suk-yeol, facing a sceptical public there as the leaders seek deeper ties amid nuclear threats from North Korea and China's increasing assertiveness. Kishida's bilateral visit, the first by a Japanese leader to Seoul in 12 years, returns the trip Yoon made...
Read more »
Japan PM Kishida visits Seoul to forge closer ties amid N.Korea threatsHis bilateral visit is the first by a Japanese leader to Seoul in 12 years. Read more at straitstimes.com.
Read more »