7/1, 2:53 AM (Source: TeleTrader)
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Japan private sector suffers demand fall in June

The Jibun Bank flash manufacturing PMI index landed at 40.1 in June, increasing slightly compared to the 37.9 seen in the preliminary results, according to IHS Markit's report released on Wednesday.

The data shows that Japan has a decline in production volumes, with panel comments overwhelmingly linking the drop to the coronavirus pandemic.

IHS Markit's economist Joe Hayes said: "The chance of a V-shape recovery in the manufacturing sector appears slim at this stage, which opens up the possibility of a two-speed economy if the domestic-focused service sector shows more signs of activity."

Breaking the News / TF