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21st May 2025 09:17China+Daily Monitor

  • Japan’s composite PMI dipped below 50 in May, led by rapidly slowing services and a drop in manufacturing.
  • That said, US importers rushed to order goods ahead of the tariff reprieve expiring, offsetting falls in output.
  • The BoJ will hold rates as it assesses the outcome of negotiations and their impact on the economy.

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Keywords for: 23 May 2025 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence