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Bank of Japan Buying Over 100% of Japanese Bond Issuance; Steen Jakobsen...

• http://globaleconomicanalysis.blogspot.com

Steen Jakobsen has some interesting comments on China and Japan in his latest email.

Steen discusses China's "official" PMI which is different than the Markit PMI on China that I covered earlier (see Weaker China PMI, Especially New Orders and Exports).

Emphasis in italics mine.

Steen Writes ...


Greetings,

China's official manufacturing PMI report just came out – and it's weaker than projected. The print was 50.8 vs. 51.2 expected. Orders backlog looks especially weak.

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