Japan's S&P Global Manufacturing PMI came in at 50.0 for December, up from 49.7 in the previous month. The reading marks a shift back into expansion territory, signaling a modest recovery in the manufacturing sector. While the uptick is subtle, it suggests stabilization after hovering near the critical 50 threshold—the dividing line between contraction and expansion. This type of macro data often influences risk sentiment across global markets, including crypto asset performance. As investors track economic health indicators heading into the new year, manufacturing momentum in major economies like Japan remains a barometer for broader economic resilience.