China+ Datanote: Flash Services PMI, Japan, June

In one line: Japan's services business activity grow faster in June, but slowing input cost increase bode ill for wage growth

China+ Datanote: Preliminary Current Account, China, Q1

In one line: China’s current account balance holds up in Q1, but deterioration likely in Q2.

China+ Datanote: Preliminary GDP, Japan, Q1

In one line: Japan’s GDP shrinks for the first time in a year, reinforcing the BoJ's wait-and-see stance.

China+ Datanote: 20 Day Exports, Korea, June

In one line: Korea's 20-day exports rebound in June on front loading ahead of reprieve expiry

China+ Datanote: National CPI, Japan, May

In one line: Japan's core inflation surprised on the upside, but unlikely to sway BoJ into hiking mode

25 June 2025 China+ Monitor Japan's flash PMIs reveal areas of resilience amid tariff storm

• Japan’s June headline flash manufacturing index was lifted by output, but demand remained subdued.
• Cost pressures are easing only slowly, with global oil prices a key risk.
• The service sector continues to be bolstered by tourism, notably surging Chinese visitor numbers.