Japan data - Nikkei Manufacturing PMI for January: 52.3 (prior 52.4)

Japan - Nikkei Manufacturing PMI for January, 52.3

• Preliminary was 52.4
• Prior (December) was 52.6
• 9th consecutive month of expansion

• New export orders sub-index rose to 53.2 (preliminary 52.6, prior 52.2)
• New orders (covers exports and domestic) 52.8 (54.2 prior)
• Input prices likely fell for the first time in more than 3 years

-

The PMI in Japan has been painting a better picture for the past 9 months, but official data has been disappointing, and the BOJ eased further on Friday. Curious.