Reported about 8 hours ago
Japan's factory activity has fallen to its lowest level in 10 months due to sluggish demand, as indicated by the latest PMI data. The manufacturing PMI dropped to 48.8 in January from December's 49.6, signaling ongoing contraction in the sector. In contrast, the service sector has shown resilience, with the services PMI rising to 52.7, highlighting the service industry's importance for economic growth despite manufacturing struggles. The Bank of Japan is expected to raise interest rates amid ongoing wage growth and price pressures.
Source: YAHOO