Friday 8 July 2016

Japan's service-sector sentiment weakens in June on post-Brexit yen gain

TOKYO: Sentiment in Japan's service sector hit a new low in June due to a stronger yen and weaker stock prices following Britain's surprise vote to leave the European Union, adding to headaches for policymakers already worried about sputtering economic growth. The survey of workers such as taxi drivers, hotel workers and restaurant staff - dubbed "economy watchers" for their proximity to consumer and retail trends - showed their confidence fell 1.8 points from the previous month to 41.2 in June. 

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