Japanese private sector activity grows at its fastest pace in almost 18 months this January
Japanese Private Sector Sees Strongest Growth in Nearly a Year and a Half
According to the latest S&P Global Flash PMI® figures, Japan's private sector experienced its fastest expansion in output in 17 months this January. This robust start to the year was driven by a notable surge in new business, which in turn led to a record-high accumulation of backlogged work. In response, businesses increased their hiring at the highest rate seen since April 2019. On the pricing front, companies faced another significant jump in operating costs, prompting a substantial rise in the prices they charged customers.
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