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Japan's manufacturing sector picked up steam in January. The S&P Global PMI Manufacturing index came in at 51.5, up from 50.0 in the previous period. This marks a solid expansion signal—anything above 50 indicates growth in the manufacturing sector.
The uptick suggests Japanese factories are ramping up activity. For crypto traders watching macro trends, this kind of data matters. Strong manufacturing activity in major economies can shift risk appetite and capital flows into or out of digital assets. Japan's recovery momentum could influence broader Asian market sentiment heading into the quarter.