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Japan Industrial Production Falls Less Than Estimated

Japan's industrial production in January declined less than estimated earlier, final data from the Ministry of Economy, Trade and Industry showed on Monday.

Industrial production fell a seasonally adjusted 3.4 percent month-on-month in January, following a 3.7 percent decline estimated earlier.

Shipment and inventory decreased by 3.4 percent and 1.4 percent, respectively, in January.

On a year-on-year basis, industrial production rose 0.3 percent in January , while earlier it was reported as unchanged.

Data also showed that capacity utilization held stable month-on-month in January, but fell 0.2 percent from a year ago.

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