FX.co ★ Japan’s Industrial Production Outlook Swings Sharply Negative in September MoM Forecast

Japan’s industrial production outlook has taken a sharp downturn, with the 2‑month‑ahead forecast for September 2025 showing a month‑over‑month decline of 4.2%. The latest data, updated on 30 August 2026, marks a significant reversal from the previously recorded 4.5% month‑over‑month increase in August 2026.

The comparison is based on month‑over‑month changes: the current figure reflects the forecasted change for September relative to the previous month, while the prior reading captured the August increase versus July. The swing from robust positive growth to a pronounced projected contraction suggests rising uncertainty for Japan’s manufacturing sector and signals potential headwinds for near‑term industrial activity.