Overview

• Japan’s industrial production index fell 1.2% in August to 100.9, marking a second consecutive monthly decline.
• The Ministry of Economy, Trade and Industry maintained its baseline judgment at “one step forward, one step back.”
• The August reading is seasonally adjusted with 2020 as the base year set at 100.
• In the Tohoku region, the preliminary July index slipped 1.5% to 105.5, also the second straight monthly drop.
• The Tohoku bureau noted “signs of recovery” even as output eased, underscoring mixed signals across recent data.