Factory activity contracted for a ninth straight month in January but at the slowest pace in five months, possibly reflecting easing U.S.-China trade tensions and alleviating fears of a recession.
The Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) edged up to a seasonally adjusted 49.3 from a final 48.4 in December.
The index stayed below the 50.0 threshold that separates contraction from expansion for a ninth month — the longest stretch since a nine-month run to February 2013.
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