• Flash Japan Manufacturing PMI rises to 54.2 in December (53.6 in November).

• Solid output growth sustained amid a quickened expansion in new orders.

• Output price inflation accelerates to 41-month high.

Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said: "With Q3 GDP growth recently revised higher, latest flash PMI data signalled further positivity for the Japanese economy in the final month of 2017. "A 46-month high in the PMI was supported by the sharpest boost in order book volumes since January 2014. Recent yen weakness appeared to benefit exporters, with new orders from abroad rising strongly. "Furthermore, the inflationary trend in output charges was extended to a full year. Selling prices were increased by manufacturers at the fastest pace since July 2014."