Key points: • New business in the service sector expands at quickest rate since November 2014 • Inflationary pressures persist at both manufacturers and service providers • Business sentiment strengthens from May's 14- month low Summary: Business conditions in the Japanese service sector improved in June. Activity increased at the fastest rate since September last year, alongside a sharper rise in new orders. Subsequently, prospects towards activity over the coming year strengthened. Employment levels, on the other hand, declined for the first time in three months, albeit fractionally. Meanwhile, cost burdens were ... (full story)