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Japan's PMI rebounds, indicating that the U.S. will ramp up before the tariff increase.
According to Gate News bot and a report by Bloomberg, Japan's manufacturing activity expanded for the first time in over a year in June, which may be an effort to ramp up production ahead of an increase in tariffs by the United States next month.
Data released by S&P Global on Monday showed that the Au Jibun Bank Manufacturing Activity Purchasing Managers' Index ( PMI ) rose from 49.4 in May to 50.4, breaking through the neutral line of 50 and reaching its highest level since May 2024. The services index also rose from 51.0 to 51.5.