Capital Economics: Japan PMI supports Bank of Japan to resume interest rate hikes in October
2025-06-23 07:29:21
Japan's latest PMI data supports Capital Economics' view that the Bank of Japan could raise interest rates sooner rather than later. Japan's composite PMI rose to a four-month high of 51.4 in June. Both manufacturing and services PMIs edged up in June. Capital Economics economist Abhijit Surya wrote that the manufacturing output index points to a re-acceleration in industrial production, while new export orders point to a modest increase in sales volumes. The services PMI is well above historical averages, consistent with a respectable increase in consumer spending. All in all, the Bank of Japan is expected to be justified in raising interest rates in October, rather than early next year, as many expect. (Golden Ten)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
凯投宏观：日本PMI支持日本央行在10月恢复加息Next article：
交易员AguilaTrades近两周亏损超3500万美元，浮盈期间从未获利了结
