Japan service sector sentiment improves in Jan

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, Feb 8 (BestGrowthStock) – Japan’s service sector sentiment
index rose to 38.8 in January, a Cabinet Office survey showed on
Monday, backed by government stimulus aimed at preventing a
double-dip recession.

The survey of workers such as taxi drivers, hotel employees
and restaurant staff — called “economy watchers” for their
proximity to consumer and retail trends — showed their
confidence about current economic conditions increased from 35.4
in December.

The Cabinet Office started compiling the data in comparative
form in August 2001.

The outlook index, indicating the level of confidence in
future conditions, rose to 41.9 from 36.3 in December.

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(Reporting by Rie Ishiguro)

Japan service sector sentiment improves in Jan