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Japan Aug factory activity growth drops to near one-year low - PMI
Japan's manufacturing activity grew at its weakest rate in nearly a year in August, as businesses took a hit from worsening conditions in the global economy and declining demand from China and South Korea. The weaker expansion sends a warning sign about the outlook for global growth to policymakers hoping that the world's third-largest economy will benefit from stronger trade. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 51.5 in August from a final 52.1 in the prior month. The reading remained above the 50-mark that separates contraction from expansion, ... (full story)