Japan's composite PMI bounced to 52.8 in January from 51.1 the previous month, marking a meaningful pickup in economic activity. The expansion is noteworthy—anything above 50 indicates growth, and this acceleration suggests improving business conditions across both manufacturing and services. For crypto markets, stronger macro data often correlates with risk-on sentiment, though Japan's persistent low-rate environment continues to shape asset flows. Watch how this momentum sustains through Q1 as BOJ policy signals remain in focus.