Japan’s Factory Activity Extends Declines for 3rd Straight Month: PMI

A worker checks machinery at a factory in Higashiosaka, Japan, on June 23, 2022. Sakura Murakami/Reuters

TOKYO—Japan’s manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday.

The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) was at a seasonally adjusted 48.9 in January, unchanged from the final reading in the previous month.