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23rd Sep 2025 10:31China+Daily Monitor
  • Japan’s September flash PMIs reveal worsening manufacturing woes, despite lower US tariffs.
  • Services activity remains strong, even though extreme weather dented tourism activity.
  • We think the BoJ will hike the policy rate next month, though it will be a close call amid political risks.

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Keywords for: 25 September 2025 China+ Monitor

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