vs. preliminary 48.8, previous 50.1
Japan's factory activity contracted in July, with the S&P Global Manufacturing PMI falling to 48.9 from 50.1 in June, confirming a return to decline after briefly stabilising. The final reading was nearly unchanged from the flash estimate of 48.8.
New orders continued to decline, though the pace eased slightly.
Input cost inflation eased to a 4.5-year low, while output prices rose at their fastest pace in a year as firms passed on costs.
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Governor Kazuo Ueda upgraded the bank’s inflation forecast to 2.7%, citing higher food prices and the economic lift from the recent trade deal with the U.S.
The yen briefly strengthened, before losing ground. This data is nudging the yen just a few ticks higher, not a lot in it. Its around 150.67, down from an early high above 150.75.
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