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News Link • Economy - International

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


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 ...


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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