Japan's factory sentiment surged to +17 in November, marking its highest level since early 2022. This improvement is attributed to a weaker yen and increased global demand for autos and electronics. The electronics sector's sub-index climbed to +25, while the auto and transport machinery sector rebounded to +27. Despite the positive outlook, executives expressed concerns over potential supply-chain disruptions, softer sales, U.S. tariffs, and trade tensions with China. Meanwhile, non-manufacturing sentiment remained stable at +27, bolstered by tourism and domestic demand.