Japan's service sector performance landed in line with market expectations in June, according to data released by S&P Global on Wednesday.
The seasonally adjusted figure showed the Jibun Bank Japan Services Business Activity Index landing at 52.1 to stand above the neutral 50 and mark an overall growth in the sector, despite declining compared to the figure of 54.2 seen in May.
"Panel members continued to attribute growth to stronger economic conditions and demand as the impact of pandemic restrictions lifting continued to boost activity and client confidence in both domestic and external markets," Economist at S&P Global Usamah Bhatti said about the data.