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Japan's Private Sector Growth Quickens in June, S&P Survey Shows

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Business activity across Japan's private sector expanded in June, with the final au Jibun Bank Japan Composite Purchasing Managers' Index, compiled by S&P Global, coming in at 52.8, according to data released on Friday.

The latest print, which tracks combined output across both the manufacturing and service sectors, compares with the 51.1 recorded in the previous month. A reading above 50 indicates an overall expansion in private sector activity, while a figure below signals a contraction.

The monthly momentum reflected a synchronized performance across the economy. The manufacturing PMI rose to 54.8 from 54.5, while the services PMI edged up to 52.2 from 50.0.

Companies saw a rise in new work, with total new business expanding at the quickest pace since February. Firms also recorded the fastest increase in work backlogs over four months, which contributed to a slightly quicker but still modest rise in employment.

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