In May, factory activities continued to be affected by tariff issues, and Japan's manufacturing PMI has contracted for the 11th consecutive month.

A business survey released on Thursday showed that due to the ongoing impact of increased tariffs on Japanese Commodities imposed by the United States, Japan's manufacturing activity in May continued its downward trend for nearly a year. Although the service sector showed some resilience and remained in the expansion Range, the weak performance of manufacturing caused Japanese companies to return to contraction overall. The preliminary value of Japan's May au Jibun Bank manufacturing Purchasing Managers' Index (PMI) rose from the final value of 48.7 in April to 49.0, but has remained below the neutral threshold of 50.0 for the 11th consecutive month.