Japan Economy Watchers Survey

The gauge for Japan’s service sector dropped to 48.6 in January 2025 from a downwardly revised 49.0 in the previous month. The measure for household budget trends declined in the food and beverage industry but rose in the service industry. Meanwhile, the gauge for corporate trends fell in the non-manufacturing industry, even as it increased in the manufacturing industry. Also, the employment decreased. Meanwhile, the economic outlook index dipped to 48.0 in January from an upwardly revised 49.4 in December, weighed by concerns over slow economic recovery and the lingering impact of elevated inflation.