by ForexNewsNow Team on October 18th, 2010

Japan tertiary industry index falls less than expected

NEW YORK (Forex News Now) – Japan’s tertiary sector index of service industry activity fell less than expected in August, official data showed late Sunday in one of the day’s spotlight realtime forex news events.

In an important report for indicator analysis, the Ministry of Economy, Trade and Industry said its tertiary sector index, a gauge of activity in the services sector, fell 0.2 percent during the month, after climbing 1.6 percent in July.

Analysts had expected a more significant drop of 0.5 percent in August, two major currency market trading news outlets reported.

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