Japan Jibun / S&P Global Services PMI for May: 55.9 (prior 56.3)

Japan PMI's for May (final)

Services 55.9, a record high for this indicator

• preliminary 56.3 was higher but this has been trimmed in the final results
• prior 55.4
• Service sector firms hired more staff for the fourth month in a row. The rate of job creation the second fastest since September 2007.
• Input prices and prices charged for services continued to rise but at a slower pace than in April.

Composite 54.3

• preliminary 54.9
• prior 52.9

The manufacturing PMI was out last week:

• Japan Jibun Manufacturing PMI for May (final): 50.6 (prior 49.5)

jpy JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term