Japan manufacturing PMI moderates to 54.1; BOJ signals faster rate hikes ahead

Japan's manufacturing PMI declined to 54.1 in September from prior levels, signaling moderated but still-solid expansion. The Bank of Japan's summary remarks pointed toward accelerated rate tightening amid persistent inflationary pressures, prompting market repricing of monetary policy expectations.

Japanese chipmakers rallied on the broader AI trade momentum, with Micron's earnings results supporting semiconductor demand outlook. #economy #markets #asia