Japan Industrial Output Climbs 4.2% In January

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Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in January, the Ministry of Economy, Trade and Industry said on Friday.

That beat expectations for an increase of 4.0 percent following the 1.0 percent decline in December.

On a yearly basis, industrial production dropped 5.3 percent – roughly in line with forecasts after slipping 2.6 percent in the previous month.

Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it is now picking up.

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