2 December 2025 China+ Monitor China's manufacturers hunker down amid sluggish domestic demand

• China’s manufacturing PMIs indicate domestic  demand remains lacklustre. 
• A rebound in builders’ sentiment offers hope that the  policy-bank funding support will gain purchase. 
• China is likely to opt for targeted support, like expanded consumer subsidies at this month’s Politburo meeting

CHINA+ DATA WRAP 1 December 2025: China's domestic demand stalling

RatingDog PMI stung by waning domestic demand, despite buoyant overseas orders
Korean manufacturing index treading water

CHINA+ DATA WRAP 28 November 2025: Tokyo inflation slows slightly

Tokyo inflation slows slightly, with hints of steady wage inflation going into 2026

1 December 2025 China+ Monitor The BoJ is likely to focus on currency risks and wage prospects

• Tokyo inflation edged down to 2.7% year-over-year in November, but the BoJ will focus more on the markets.
• Government claims that total borrowing this year will less than last year have provided reassurance for now.
• The 2026 wage outlook looks reasonably promising, despite the earlier profit hit to automakers from tariffs.