Latest data released by Japan’s METI – 18 May 2020
- Prior -0.5%; revised to -0.7%
Slight delay in the release by the source. The statistic basically measures the total value of services purchased by Japanese businesses over the month.
That said, April and Q2 conditions should be much worse given state of emergency measures that were enacted by the Japanese government – especially on key prefectures like Tokyo and Osaka, which account for a big portion of the country’s economic activity.