 "Fumio Kishida, Japan")
Japan's services sector activity almost completely stagnated in July as rising inflation and growing economic uncertainty weighed on sentiment, while firms also said a boost from the lifting of COVID-19 pandemic curbs had faded.
The marked slowdown in activity in the sector offered an early warning sign that Japan's economy may struggle to stage a convincing recovery, a worrying trend for a country greatly exposed to fluctuations in global growth.
The final au Jibun Bank Japan Services purchasing managers' index (PMI) slumped to a seasonally adjusted 50.3, marking the lowest reading since March.
The figure showed activity came in
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