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Japan’s preliminary PMI for June.

Manufacturing 52.7

before 53.3

Services 54.2

Composite 53.2

Solidly expanding. The weak yen isn’t wreaking havoc, it seems. Bank of Japan Governor Kuroda has repeatedly said that the weak yen is a net benefit to the Japanese economy. Swings and roundabouts, of course depending on your business, but overall a plus, according to the BOJ government.

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