Japan Jibun Bank May Manufacturing PMI (final) 50.4, first expansion in a year

Flash and prior are here:

• Japan preliminary May manufacturing PMI 50.5 (prior 49.6)

more to come

From the report, in brief:

• encouraging
  trends across the manufacturing industry
• new orders
  and output broadly stable
• Factory employment rose but continued to be affected
  by retirements, with firms often highlighting difficulties
  finding suitable candidates to replace leavers
• an
  intensification of cost pressures, as yen depreciation
  added strain on imported item prices. Coupled with rising
  wage costs, the increase in input prices underpinned
  the sharpest upturn in output charges for a year
• domestic and
  external demand remain subdued

Sporadic green shoots in Japan.

This article was written by Eamonn Sheridan at www.forexlive.com.