Japan Jibun Bank PMI Manufacturing April 2025 Final 48.7 (prior 48.4, preliminary 48.5) | Forexlive

Japan Jibun Bank PMI Manufacturing April 2025 Final

From the report:

Commenting on the latest survey results, Annabel Fiddes,
Economics Associate Director at S&P Global Market
Intelligence, said:

• 
  “Business conditions continued to weaken across Japan’s
  manufacturing industry in April, with firms noting steeper
  falls in both overall new orders and new export sales.
• “This prompted firms to cut back on their purchasing
  activity and readjust their inventories, while worries over
  the demand outlook weighed on expectations around the
  year-ahead. Business confidence regarding future output
  hit its lowest level since mid-2020, during the initial wave
  of the COVID-19 pandemic, with firms commenting that
  heightened uncertainty around global trade conditions
  and demand had made them more cautious.
  
• “Firms are likely to struggle to see a recovery in conditions
  unless there is a noticeable improvement in demand
  both at home and overseas, which requires an improved
  global outlook and greater certainty around future trade
  relationships.”

Bolding is mine. Quite a lot of negatives in there.

The Bank of Japan statement is due today, the Bank is expected to be on hold: