FX.co ★ Japan Industrial Output Growth Revised Slightly Lower

In February 2025, Japan experienced a 2.3% increase in industrial production from the previous month. While this figure was slightly below the preliminary forecast of 2.5%, it signifies a recovery following three months of consecutive declines. This growth rate is the most rapid since March 2024, supported by substantial advances in the production of machinery, which surged by 8.3% compared to a 10.2% decline in January. Similarly, electronic parts and devices rose by 9.4% after a previous decrease of 4.8%, and the output of pulp, paper, and paper products grew by 2.6%, reversing a 2.8% decline. Compared to the same period last year, industrial output increased by 0.1%, which is a moderation from the 2.2% growth noted in January, yet it still marks the second consecutive month of annual growth.