TOKYO, Feb 2 (Reuters) - Japan's manufacturing activity grew at the fastest pace in about three and a half years in January, a ​private-sector survey showed, as strong customer demand drove an increase ‌in output and new orders. The S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) rose to 51.5 in ‌January from 50.0 in December, the strongest level since August 2022. The 50.0 threshold separates expansion from contraction. "Japan's manufacturing industry propelled itself back into growth ...

Group 1: Japan's Political Landscape - Japan's Takaichi Cabinet has achieved a strong 75% approval rating in a recent Nikkei poll, reflecting significant public support and political stability [3][9] - Reasons for the high approval include trust in Takaichi's leadership and optimism regarding her economic policies, with ratings from various media outlets ranging from 69% to 83% [4] Group 2: Industrial Incident - An explosion occurred at Nippon Steel's Muroran plant, but no injuries were reported, mitigating immediate human impact [5][9] - Nippon Steel Corporation is a major player in the global steel industry, with its stock trading at $4.04 on November 29, 2025 [5] Group 3: Australia's Manufacturing Sector - Australia's manufacturing sector demonstrated continued expansion in November, with the S&P Global Manufacturing PMI holding steady at 51.6, indicating a return to growth after a slight contraction [6][7][9] Group 4: US Political Landscape - President Trump has made his selection for the next Federal Reserve Chair, with Kevin Hassett considered the frontrunner to succeed Jerome Powell [8][9] - The Trump administration is implementing a pause on all asylum decisions and considering a long-term ban on migration from certain nations, citing national security concerns [12][9]