日本7年期国债 (Japan7Y) 加自选

初步估计显示，标准普尔全球日本制造业采购经理人指数从7月份的最终48.9微升至2025年8月的49.9，超过了市场预测的49。最新数据标志着过去14个月来工厂活动的第13次收缩，这是由于整体销售额进一步下降，包括国外销售额的大幅下降，这是连续第五个月下降。这表明，目前的增长在很大程度上是由国内需求推动的。销售持续疲软表明，除非短期内需求有所改善，否则制造业产出的复苏可能难以持续。与此同时，由于客户需求的改善和新工作的增加，产量在三个月内第二次略有增长，尽管幅度不大。

The S&P Global Japan Manufacturing PMI edged up to 49.9 in August 2025 from a final 48.9 in July, surpassing market forecasts of 49, preliminary estimates showed. The latest figure marked the thirteenth contraction in factory activity over the past 14 months, driven by a further fall in overall sales, including a solid drop in foreign sales—the fifth consecutive monthly decline. This indicates that growth is currently being largely fueled by domestic demand. The ongoing weakness in sales suggests that a recovery in manufacturing output may be difficult to sustain unless there is an improvement in demand in the near term. Meanwhile, output increased slightly for the second time in three months, albeit marginally, supported by improved client demand and a rise in new work.