Japan’s industrial production rises 0.5% mom in May, far below expectation

Japan’s May industrial output came in far below expectations, rising just 0.5% mom versus the anticipated 3.4% mom growth. Though production improved in key sectors such as machinery and autos, five categories—led by non-auto transport equipment—recorded declines. Shipments rose 2.2% mom, while inventories fell -1.9% mom, offering some positive signals, but not enough to shift […]

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