Japan PMI rises in July

A little.  But it's still below the 50% "recession line", which is where more than half of the respondents to the survey say that output/sales/employment etc, are down on the previous month.  I'm still not sure how much Trump's trade wars have affected confidence, output, etc., and how much recent pauses in the downward path of major economies is due to businesses re-shunting supplies and sales to countries which aren't affected by the tariffs and embargoes.   Is this pause in the PMI an indication that economic growth will resume in Japan?  Perhaps, but it may equally be just a pause before further downside.