• Bloomberg


Demand for services fell at its fastest rate in four months in June as higher energy and food costs discouraged spending, the Ministry of Economy, Trade and Industry said Thursday.

The tertiary index, a gauge of money households and businesses spend on phone calls, power and transportation, decreased 0.8 percent from May, METI said. The median estimate in a survey of 33 economists was for a 0.3 percent drop.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.