, foreseen down by 0.3% in the month. Additionally, China will unveil the NBS Manufacturing and Non-Manufacturing PMIs. The first is expected to improve from 47 in November to 49.7, while services output is foreseen jumping from 41.6 to 51.
Earlier in the day, the focus was on the Bank of Japan, as a panel of academics and business executives urged the BoJ to make its 2% inflation target a long-term goal. The proposal reportedly also included the need to have interest rates rise more in line with economic fundamentals and normalize Japan's bond market function.
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