Japanese Business Climate in the Service Sector Improves

A survey by Japan’s Cabinet Office today showed that Japan’s service sector business mood index rose for the second month in a row in April. The Japanese government has lifted emergency measures to contain the COVID-19 outbreak in most parts of the country.

The economy current watchers index rose 2.6 points in April to 50.4.

Japan’s Cabinet Office has raised its economic assessment for April from the previous month. It said the data showed “signs of an upswing.”

The business confidence index, which measures the outlook for the coming months, rose slightly in April by 0.2 percentage points to 50.3.

This economic survey covers sectors such as retail, hospitality and cab driving. This monthly report is also the Consumer Confidence Index report and the leading index for the rest of the country’s economy.

The sentiment survey rose in April and crossed the 50 line, indicating that the economy has improved compared to the previous three months.

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