Japan's service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday.
The final au Jibun Bank Japan Services purchasing managers' index fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May.
"Japanese private sector firms remained strongly optimistic that activity would continue to expand over the coming year," as the pandemic and the inflation pressures on the economy ease, said Usamah Bhatti, an economist at S&P Global Market Intelligence. The government has scrapped strict pandemic-related border controls and reclassified COVID-19 as the same level as the seasonal flu.
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