Japan 's slowing services sector reveals that its economy may be losing momentum ; in April , the country 's services sector contracted at the fastest pace in five years , according to data from the Markit / Global Services Purchasing Managers Institute . REUTERS/ Reuters reports that while Japan may have narrowly escaped a recession in the first quarter , weak domestic and external demand , as well as a strong yen , will hamper its recovery .
Japan 's slowing services sector reveals that its economy may be losing momentum ; in April , the country 's services sector contracted at the fastest pace in five years , according to data from the Markit / Global Services Purchasing Managers Institute . Reuters reports that while Japan may have narrowly escaped a recession in the first quarter , weak domestic and external demand , as well as a strong yen , will hamper its recovery .