Japan Jibun Bank PMI Manufacturing April 2025 Final
- prior 48.4, preliminary 48.5
From the report:
Commenting on the latest survey results, Annabel Fiddes,
Economics Associate Director at S&P Global Market
Intelligence, said:
-
“Business conditions continued to weaken across Japan’s
manufacturing industry in April, with firms noting steeper
falls in both overall new orders and new export sales. - “This prompted firms to cut back on their purchasing
activity and readjust their inventories, while worries over
the demand outlook weighed on expectations around the
year-ahead. Business confidence regarding future output
hit its lowest level since mid-2020, during the initial wave
of the COVID-19 pandemic, with firms commenting that
heightened uncertainty around global trade conditions
and demand had made them more cautious. - “Firms are likely to struggle to see a recovery in conditions
unless there is a noticeable improvement in demand
both at home and overseas, which requires an improved
global outlook and greater certainty around future trade
relationships.”
Bolding is mine. Quite a lot of negatives in there.
The Bank of Japan statement is due today, the Bank is expected to be on hold:
Bank of Japan Governor Ueda’s press conference follows at 0630 GMT
This article was written by Eamonn Sheridan at www.forexlive.com.
