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Japan Services PMI Climbs To 51.6 In December - Nikkei

The services sector in Japan continued to expand in December, and at a stronger pace, the latest survey from Nikkei revealed on Tuesday with a services PMI score of 51.6.

That's up from 51.0 in November and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, export sales declined, although the 12-month outlook remained positive. Investment plans and forecasts of improved underlying demand underpinned optimism during January.

The survey also said its composite index dipped to a score of 50.9 in January from 52.0 in December.

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