Japan July PMI Suggests Economy Shrugging Off Oil Shock

Dow Jones

Jul 24

0111 GMT - Japan Flash PMI data suggests the economy continues to shrug off energy cost shock, says Marcel Thieliant, head of economics for Asia at Capital Economics. The report indicates that the economy remains resilient and still points to a sharp acceleration in inflation, he adds. The composite PMI edged up from 52.8 to a four-month high of 53.1 in July, which is consistent with above-trend GDP growth of around 1.5%, he says. That improvement is difficult to explain because both the services and the manufacturing PMI softened, Thieliant adds. It could be that Japan is finally starting to benefit from stronger demand for AI-related products, he says. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

July 23, 2026 21:11 ET (01:11 GMT)

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The report indicates that the economy remains resilient and still points to a sharp acceleration in inflation, he adds. The composite PMI edged up from 52.8 to a four-month high of 53.1 in July, which is consistent with above-trend GDP growth of around 1.5%, he says. That improvement is difficult to explain because both the services and the manufacturing PMI softened, Thieliant adds. It could be that Japan is finally starting to benefit from stronger demand for AI-related products, he says. (james.glynn@wsj.com; X @JamesGlynnWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2026 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Japan July PMI Suggests Economy Shrugging Off Oil Shock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJapan July PMI Suggests Economy Shrugging Off Oil Shock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-24 09:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0111 GMT - Japan Flash PMI data suggests the economy continues to shrug off energy cost shock, says Marcel Thieliant, head of economics for Asia at Capital Economics. The report indicates that the economy remains resilient and still points to a sharp acceleration in inflation, he adds. The composite PMI edged up from 52.8 to a four-month high of 53.1 in July, which is consistent with above-trend GDP growth of around 1.5%, he says. That improvement is difficult to explain because both the services and the manufacturing PMI softened, Thieliant adds. It could be that Japan is finally starting to benefit from stronger demand for AI-related products, he says. (james.glynn@wsj.com; X @JamesGlynnWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2026 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FXR","symbol_name":"First Trust Industrials/Producer Durables AlphaDEX Fund","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653777948","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653777948","pubTimestamp":1784855460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0111 GMT - Japan Flash PMI data suggests the economy continues to shrug off energy cost shock, says Marcel Thieliant, head of economics for Asia at Capital Economics. The report indicates that the economy remains resilient and still points to a sharp acceleration in inflation, he adds. The composite PMI edged up from 52.8 to a four-month high of 53.1 in July, which is consistent with above-trend GDP growth of around 1.5%, he says. That improvement is difficult to explain because both the services and the manufacturing PMI softened, Thieliant adds. It could be that Japan is finally starting to benefit from stronger demand for AI-related products, he says.  Dow Jones NewswiresJuly 23, 2026 21:11 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FXR":"First Trust Industrials/Producer Durables AlphaDEX Fund","IYJ":"iShares U.S. Industrials ETF","VAW":"Vanguard Materials ETF","RSPM":"Invesco S&P 500 Equal Weight Materials ETF"},"translate_title":"日本 7 月 PMI 表明经济摆脱石油冲击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VAW":1.5,"RSPM":1.5,"FXR":1.5,"IYJ":1.5},"content_text":"0111 GMT - Japan Flash PMI data suggests the economy continues to shrug off energy cost shock, says Marcel Thieliant, head of economics for Asia at Capital Economics. The report indicates that the economy remains resilient and still points to a sharp acceleration in inflation, he adds. The composite PMI edged up from 52.8 to a four-month high of 53.1 in July, which is consistent with above-trend GDP growth of around 1.5%, he says. That improvement is difficult to explain because both the services and the manufacturing PMI softened, Thieliant adds. It could be that Japan is finally starting to benefit from stronger demand for AI-related products, he says. (james.glynn@wsj.com; X @JamesGlynnWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2026 21:11 ET (01:11 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}