Japan PMI Pickup Points to Front-loading Ahead of US Tariff Jump
Japan's manufacturing activity expanded for the first time in more than a year in June in a likely sign of front-loading of output ahead of a scheduled increase in US tariffs next month.
The au Jibun Bank purchasing managers' index of manufacturing activity rose to 50.4 from 49.4 in May, crossing the boom-or-bust 50 threshold for its highest reading since May 2024, according to data released Monday by S&P Global. The index for services also increased to 51.5 from 51.0.
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