Japan’s factory activity shrinks at fastest pace in 2-1/2 years-PMI

TOKYO  – Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which is facing weakening demand and struggling to tame cost pressures. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to a … Continue reading Japan’s factory activity shrinks at fastest pace in 2-1/2 years-PMI