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Japan's Tertiary Index Rises and Beats Estimates
Monday, 15 December 2008 22:54:33 GMT
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Japan’s Tertiary Index, a measure of the change in output produced by Japan’s service sector, rose 0.4% in October after economist forecasts called for the figure to fall by 0.2%. The metric, which had fallen in the two previous months, may reflect a seasonal boost in demand for products. As the economy of Japan continues to contract, the downward spiral may resume as the public sees itself weary of purchasing non-essential goods during an uncertain period.
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