Japan preliminary PMIs April: Manufacturing 53.4 (prior 54.1)

CPI data from Japan earlier

• Japan inflation data for March 2022 - Headline inflation +1.2% y/y (expected 1.3%)

Now the Japan Jibun Bank / Markit preliminary PMIs for April

Manufacturing 53.4

• prior 54.1
• cost pressures were described as sustained and acute
• Markit says costs are being passed from manufacturers to consumers at a record fast pace,

Services 50.5, first expansion reading in 4 months

• prior 49.4

Composite 50.9

• prior 50.3