Japan flash manufacturing PMI for January drops to 48.8
- prior 49.6
Services 52.7
- prior 50.9
Composite 51.1
- prior 50.5
***
Earlier today we got Japan’s core inflation rate (in December 2024) hitting a 16 month high:
Keeping the Bank of Japan well on track for a rate hike later today:
- Poll shows 18 out of 19 economists expect a Bank of Japan rate hike on Friday
- The BOJ meet today and tomorrow and is unlikely to delay rate hike action
This article was written by Eamonn Sheridan at www.forexlive.com.
