Japan’s Economy Shows Diverging Signals Ahead of BOJ Meeting
Bloomberg reports that the Bank of Japan meets next week to decide on policy and its plans for cutting back its bond purchases.
A key gauge of the strength of Japan’s service sector rebounded in July, while a measure of factory activity showed a contraction in the latest indication of the economy’s patchy performance. The au Jibun Bank purchasing managers’ index for the service sector climbed to 53.9 from 49.4 in June, reaching a three-month high, S&P Global reported Wednesday, an encouraging sign... ...
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