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Bloomberg
Activity in Japan’s manufacturing sector contracted at the fastest clip in seven months in September, according to the latest PMI data, as US-China trade tensions continued to cloud the global outlook.
The Jibun Bank Purchasing Managers Index fell to 48.9 from 49.3 in August, matching the lowest reading since 2016.
The latest release comes with the Bank of Japan (BOJ) looking closely at the impact of a global slowdown on Japan’s economy and prices. The BOJ kept policy on hold, but its call for a review of economic and price developments has added to speculation it may take further easing action in October.