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Japanese manufacturing and services both slowed this month, according to the flash PMI surveys.
Fading global demand is taking its toll on Japanese manufacturing, after a short hiatus.
Covid is the main headwind for the services sector, but not the only one, so any revival will be brief.
China+ Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence