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Japan Industrial Production Increases In January

Japan industrial production rose in January, data from the Ministry of Economy, Trade and Industry showed on Tuesday.

Industrial production rose a seasonally adjusted 1.0 percent month-on-month in January. Economists had expected a growth of 0.8 percent.

On a monthly basis, shipments rose 0.6 percent in January and inventories decreased 1.6 percent. The inventory ratio gained 1.6 percent.

On a yearly basis, industrial production declined 2.3 percent in January.

Further, data showed that capacity utilization rose 1.1 percent on month in January, and dropped 3.9 percent from a year ago.

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