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25th May 2022 00:00China+, Daily Monitor

Japanese flash PMIs for May show a domestic recovery facing headwinds from external factors.

The most obvious culprit is China’s zero-Covid policy, with restrictions loosening only slowly.

New stimulus from China is underwhelming, but, importantly, contains new money this time.

boj composite pmi construction credit employment energy energy prices export data export orders exports external demand input price korean exports labour liquidity manufacturing manufacturing pmi May pboc petroleum pmi pmis policymakers real estate rmb services activity supply chain trade us yen

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Keywords for: Japanese Manufacturing Falters in May, as External Demand Softens

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