TOKYO: Japan's factory activity shrank for an eighth straight month in January as output and new orders declined due to the subsiding economy at home and overseas, a private-sector survey showed on Thursday.
The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) rose to 48.0 in January from 47.9 in December, but remained below the 50.0 threshold that separates growth from contraction in activity, where it has languished since June.
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