Preliminary PMIs from Japan for June.

Manufacturing 52.7

prior 53.3

Services 54.2

  • prior 52.6

Composite 53.2

  • prior 52.3

Solidly in expansion. The weak yen not creating havoc it seems. Bank of Japan Governor Kuroda has said time and again the weak yen is a net benefit to Japan's economy. Swings and roundabouts, for sure depending on your business, but overall a plus says the BOJ gov.