Japan services sector returns to growth in Jan. as sales tax hike impact fades
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TOKYO (Reuters) - Japan's services sector returned to growth in January, as new business expanded at the fastest pace in seven months in a sign consumers may be gradually adjusting to a sales tax hike that had chilled spending.While it is early days, the uptick will be welcome news for the Bank of Japan as it pins its hopes on a domestic demand-led economic recovery even as global policymakers fret over a new threat to world growth from China's coronavirus epidemic.The final seasonally adjusted..