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Japan's Services Activity Expands in June, S&P Survey Shows

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Business activity across Japan's service sector improved in June, with the final au Jibun Bank Japan Services Purchasing Managers' Index (PMI), compiled by S&P Global, coming in at 52.2, according to data released on Friday.

The final reading, which serves as a key metric for the country's services sector, beat the flash estimate of 51.8 and rose from the 50 recorded in the previous month. A reading above 50 indicates an overall expansion in service sector activity, while a figure below signals a contraction.

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