Industrial output in Japan plummeted 25.9 percent on year in May, the Ministry of Economy, Trade and Industry said on Tuesday.
That was well shy of expectations for a drop of 11.3 percent following the 15.0 percent decline in the previous month.
On a seasonally adjusted monthly basis, industrial production sank 8.4 percent - again missing estimates for a drop of 5.6 percent following the 9.8 percent slide in April.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.