Taiwan's composite purchasing managers' index jumped to a strongly expansionary 57.7 last month from 51.3 in December in response to firm economic sentiment and Lunar New Year demand, according to a report by the Chung-Hua Institution for Economic Research. "Following the U.S.'s 'fiscal cliff' issue easing, as well as Japan's moves [to stimulate its economy], Taiwan's PMI may show a rising trend ahead," said CIER President Wu Chung-shu.

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