"Japan's industrial production dropped a seasonally adjusted 3.3 percent in June from the previous month in the first decline in five months, due mainly to weaker output of automobiles and electronic parts, government data showed Tuesday.
It was the sharpest fall since March 2011, when it plunged 16.5 percent in the wake of the earthquake and tsunami disaster, the Ministry of Economy, Trade and Industry said.But the ministry maintained its basic assessment in the preliminary report, saying production has shown "signs of picking up at a moderate pace," given that output grew on a quarterly basis in the April-June period, and it will likely mark a sharp rise in July, a ministry official said".
NewsOnJapan
NewsOnJapan
