Japan PMI data signals slower growth momentum

The Composite PMI came in at 52.3, below the flash estimate of 52.5 and down from 53.5 in August. Both indices remained above 50, indicating continued economic expansion but at a slower pace.

Growth in services activity and new orders slowed, while employment increased at its fastest pace since February. Input cost inflation eased to a six-month low but remained elevated. 

The figures suggest Japan's economy is still expanding but losing momentum, potentially supporting a cautious approach from the Bank of Japan when assessing future interest-rate policy.