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(CEP News) - Only lower-tier data reports are scheduled for release in Japan during the Asia Pacific session.
The corporate service price index is expected to post a sixth consecutive annual decline and fall 2.6%, matching the prior month's results. The index keeps track of pricing in business-to-business services in order to expose supply and demand trends in the services market. HSBC economist Seiji Shiraishi said that on a monthly basis, the index should see a second consecutive boost due to yen deprecation against the U.S. dollar. The all industry-index, a composite of the services, manufacturing, government and construction sectors, is expected to fall 2.0% month-over-month in February, against a 1.7% drop in January. The Japanese services industry is weighted heavily in the report, making up two thirds of the headline. The February services sector index, released last week, fell by 0.8% month-over-month. All times in EDT. 19:50 JP Corp Service Price (Y/Y) March Exp: -2.6% Prior: -2.6% 19:50 JP All Industry Activity Index (M/M) February Exp: -2.0% Prior: -1.7% By Megan Ainscow,
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, edited by Sarah Sussman,
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