FX.co ★ Japan’s Industrial Production Outlook Surges, Forecast Jumps to 9.3% in January

Japan’s industrial production forecast one month ahead surged in January 2026, with the indicator rising to 9.3% month-over-month, sharply higher than the previous reading of 1.3% recorded in December 2025. The data, updated on 29 January 2026, signals a pronounced strengthening in expectations for short-term manufacturing activity.

The figure reflects a comparison of the expected change in industrial output for January relative to December, while the prior indicator measured December’s outlook versus November. The substantial jump suggests a markedly more optimistic view among producers about near-term demand and output, following a relatively modest improvement at the end of 2025.