Jibun Bank to Sponsor IHS Markit Japan PMI™ Surveys

New Flash Japan Services PMI to launch on 24 July 2019

Category:

PMI
Monday, July 1, 2019 1:00 am EDT

Dateline:

TOKYO
"First up will be the launch of a new Flash Japan Services PMI to provide even earlier monthly signals on the health of the services economy."

TOKYO--(BUSINESS WIRE)--IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Jibun Bank, the fast-growing internet bank established in 2008 and jointly funded by KDDI and MUFG Bank, is to sponsor its Japan PMI™ (Purchasing Managers’ Index™) surveys.

Compiled by IHS Markit, the Japan PMI series is based on data collected monthly from around 800 purchasing or other senior managers in Japan and covers both manufacturing and service sectors.

Tomoki Usui, president at Jibun Bank said: "The global PMI series produced by IHS Markit is one of the most closely watched signals of business activity in the world. We are excited to partner with them to release a new data series revealing deeper insights into Japan’s economy with the launch of a new Flash Japan Services PMI. Through the effort, we will embody KDDI's ‘Smart Money Concept‘, which ensures customer satisfaction by providing comprehensive smartphone-centric settlements and financial transactions, as a member of the au Financial Group*.”

“We are pleased to welcome Jibun Bank as the new sponsor of our Japan PMI surveys and look forward to extending the scope of PMI data for Japan through the partnership,” said Luke Thompson, global head of PMI at IHS Markit. “First up will be the launch of a new Flash Japan Services PMI to provide even earlier monthly signals on the health of the services economy.”

IHS Markit and Jibun Bank will launch the first ever Flash Japan Services PMI on 24 July 2019. Released one week prior to the end of each month, the Flash Japan Services PMI will be based on approximately 85 percent of the usual monthly survey responses and will provide an earlier insight into the health of the services economy – complementing the existing Flash Japan Manufacturing PMI.

The release timings of the Japan PMI surveys remain unchanged, with the Jibun Bank Japan Manufacturing PMI released at 09:30 Tokyo Time (00:30 UTC) on the first working day of each month and the Jibun Bank Japan Services PMI released at 09:30 Tokyo Time (00:30 UTC) on the third working day of each month.

Flash Japan Manufacturing, Services and Composite PMIs are released approximately one week prior to the end of each month at 09:30 Tokyo Time (00:30 UTC)

Provisional release dates for the remainder of 2019 are as follows:

Flash Japan PMI**

 

Japan Manufacturing PMI

 

Japan Services PMI

 

 

1 Jul

 

3 Jul

24 Jul

 

1 Aug

 

5 Aug

22 Aug

 

2 Sep

 

4 Sep

24 Sep

 

1 Oct

 

3 Oct

24 Oct

 

1 Nov

 

6 Nov

22 Nov

 

2 Dec

 

4 Dec

* Five companies under au Financial Holdings which established by KDDI

** From 24 July the Flash Japan PMI will comprise Manufacturing, Services and Composite (Manufacturing + Services) releases.

About Jibun Bank (www.jibunbank.co.jp)

Jibun Bank is creating a new banking experience by combining financial services with the convenience and features of mobile communications. In addition to a wide range of traditional financial products, Jibun Bank features cutting-edge services like foreign currency deposits driven by artificial intelligence (AI), mortgage applications that can be completed with only your smartphone, and more. Jibun Bank’s smartphone app supports customers' money management anytime and anywhere. With it, users not only can view and manage their assets and carry out various types of transactions, but also can access exchange market information, financial news, and money columns. Using the accumulated knowledge and brand position developed by Jibun Bank Japan PMI, Jibun Bank is aiming to bring a uniquely high level of service to all of its customers.

Jibun Bank is an internet retail bank established in 2008 by a joint investment of KDDI – a major telecommunication service provider – and MUFG Bank – Japan’s largest bank –. As a “smartphone-centric bank”, Jibun Bank has over 3.4 million customer accounts and focuses on providing high-quality financial services via smartphones.

Jibun Bank provides unique services such as “Smartphone ATM”, a service allowing to deposit and withdraw money from teller machine without cash card by just scanning a QR code shown on the smartphone app, and “AI Foreign Currency Forecast”, a foreign currency trading support tool that predict the rise of foreign exchange rate based on past trend deep learned by an AI (artificial intelligence).

As a member of the “au Financial Group”, Jibun Bank aims to play a major role in providing comprehensive smartphone-centric banking services in line with the “Smart Money Concept” and enhance customer experience.

About IHS Markit (www.ihsmarkit.com)

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.

About PMI (https://ihsmarkit.com/products/pmi.html )

Purchasing Managers’ Index™ (PMI™) surveys are now available for over 40 countries and also for key regions including the eurozone. They are the most closely-watched business surveys in the world, favored by central banks, financial markets and business decision makers for their ability to provide up-to-date, accurate and often unique monthly indicators of economic trends.

Contact:

News Media:
Joanna Vickers
IHS Markit
+44 207 260 2234
joanna.vickers@ihsmarkit.com

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