FX.co ★ Japan’s Services Sector Growth Accelerates in January as S&P Global PMI Climbs to 53.7

Japan’s services sector expanded at a faster pace in January, with the S&P Global Services PMI rising to 53.7, up from 51.6 previously. Both the prior and current readings are for January 2026, indicating an upward revision or subsequent update to the month’s performance, according to data released on 4 February 2026.

The move from 51.6 to 53.7 signals a stronger rate of expansion in Japan’s service industries, as PMI readings above 50 indicate growth. The latest figure suggests improving conditions across key service segments, which may support broader economic momentum at the start of 2026.

The updated January reading, published on 4 February, will likely be watched closely by market participants assessing the resilience of Japan’s domestically focused sectors amid an evolving global backdrop.