Japan manufacturing sector continued to expand in March, and at a faster pace, the latest survey from Jibun Bank showed on Friday with a manufacturing PMI score of 54.1. Thats up from 52.7 in February and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The improvement partly stemmed from a renewed rise in production volumes in March. Firms often attributed this to greater new orders, although growth was slightly held back by reports of higher raw material prices. Output volumes have now increased in five of the last six months.
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