In May, Japan's manufacturing PMI rose to 50.4, signifying factory activity expansion.

In May, Japan's manufacturing PMI rose to 50.4 for the first time in a year, signifying factory activity expansion. Factory employment increased but at a slower pace, while manufacturers raised prices due to rising input costs. Overall growth was modest, demand remained subdued, and the weak yen raised the cost of imported items for some producers, challenging the Bank of Japan as it considers raising interest rates.

June 03, 2024
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