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According to the Ministry of Economy, Trade and Industry, which cited the preliminary data, the tertiary index that measures the spending of the services sector, jump to 1.7 percent in April from March, this is the 3rd rise in 4 months.
This index stood at 110.4 the previous month which is slightly below the February’s 110.7, the highest level since January of 1988. then following a 1.9 percent fall in March in the last month.
The index rose to 1.3 percent, April after 0.9 percent gain in March, on a yearly basis. Japan’s workforce has more than half of the services sector they spend on the services such as retailing, dining, and traveling closely tied to change in the wages and it’s consumer confidence.
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Posted on Jun-15-2007
