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21st Aug 2023 19:48China+, Daily Monitor

  • Japan’s flash manufacturing PMI points to a slower contraction in activity, thanks to rising new orders.
  • Services activity accelerated as Japan recorded its highest tourist arrivals since the pandemic ended.
  • The BoJ is likely to look through higher input costs reported in surveys and keep policy loose in H2.

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Keywords for: 24 August 2023 China+ Monitor

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