Nikkei 225

Nikkei 225 Index

November’s data showed the fastest rate of contraction in Japan's manufacturing activity over the past two years. This is due to strong inflationary pressures, pushing demand down in the country.

The weighted median inflation rate is monitored closely as an indicator of expansion or contraction in price growth. In October, this indicator reached a record 1.1% in Japan.

Japan's largest oil refinery is drawing up plans to consolidate production as domestic demand for oil products falls due to declining population and efforts to reduce emissions.

A 40-year bond auction is due to take place this week. Investor fear for the outcome is so big that long Japanese government bonds yields hit a one-week high on Tuesday.

According to a statement made on Tuesday by Japanese Finance Minister Shunichi Suzuki, it’s currently important for the country to give close attention to the defense budget.