Asia's factory activity expands in June on solid momentum in global economy

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Asia's factory activity expands in June on solid momentum in global economy - Business Standard

Quick Summary:

The International Monetary Fund (IMF) expects Asia's economies to head for a soft landing as moderating inflation creates room for central banks to ease monetary policies to support growth.

An index gauging Japanese firms' future output expectations rose to a six-month high thanks to a better medium-term outlook for the car and chip sectors, the PMI survey showed.

The final au Jibun Bank Japan manufacturing PMI was at 50.0 on the break-even line that separates growth from contraction, after a brief improvement to 50.4 in May, a survey showed.