According to a survey conducted on Wednesday, Japan’s factory activity has faced contraction for the fifth consecutive month in October. The decline can be attributed to the combination of subdued demand and inflationary pressures that have put a squeeze on businesses. This downward trend in factory activity highlights the ongoing challenges faced by Japan’s manufacturing sector, as it struggles to overcome the impact of the global economic slowdown and domestic economic conditions. Efforts to stimulate demand and address inflationary pressures will be crucial in reviving Japan’s factory activity and ensuring a sustainable growth trajectory for the future.
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