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DXJS - Japanese Manufacturing's Steep Downturn Extends Into April
WisdomTree Japan Hedged SmallCap Equity Fund
Japan's manufacturing economy remained stuck in a downturn at the start of the second quarter as the global trade slowdown continued to take its toll on the country's exporters. The ongoing decline in manufacturing activity raises questions over the prospects of the economy amid global growth risks and a planned sales tax hike scheduled for later in the year.
Export-led manufacturing downturn
According to flash estimates, the Nikkei Manufacturing PMI for April rose to 49.5 from 49.2 in March. With 50.0 being the no-change level between growth and decline, April's flash PMI reading signalled