Japan - Tertiary Industry Index for February: 0.2% m/m (expected 0.3%)

Author: Eamonn Sheridan | Category: News

Japan - Tertiary Industry Index for February rises 0.2% on the month

  • expected 0.3%
  • prior 0.0%
This index is used as a proxy for domestic activity:
  • It excludes manufacturing, looking at service industries catering mainly to the local economy. Exports are pretty much excluded.
  • Looks at industry such as wholesale and retail trade, financial services, health care, real estate, leisure, utilities.  
Its not much of a focus for the market, USD/JPY barely changed.