Japan's Industrial Production Sees Significant Growth

In a surprising turn of events, Japan's seasonally adjusted industrial production index rose by 2.1% in June, reaching 103.7. This performance not only surpassed expectations but also marked a 4.4% increase compared to the same month in 2024, according to the Ministry of Economy, Trade and Industry (METI).

Shipments and Inventories Show Mixed Results

While the shipments index experienced a slight decline of 0.8% month-on-month to 101.4, it still managed a 3.8% increase year-on-year. On the other hand, the inventories index stood at 99.2, reflecting a 0.3% drop from the previous month and a more significant 3.1% decrease from June 2024.

Inventory Ratio Fluctuates

The inventory ratio was recorded at 106.4, showing a minor 0.9% rise on a monthly basis but a 1.8% fall compared to the previous year.