In September this year, Japan's industrial production remained stable from the previous month, while output rose by 0.9 percent from September last year, according to the preliminary indices of the Industrial Production report published by Japan's Ministry of Economy, Trade and Industry (METI).
On the other hand, in September the Japanese iron and steel production index fell by 0.2 percent year on year, while Japan's seasonally adjusted iron and steel production index decreased by 1.6 percent in September compared to August. Meanwhile, in September Japanese producers' iron and steel shipments increased by 0.3 percent and iron and steel inventories were up by 1.3 percent, both compared to the previous month.
According to the ministry's Survey of Production Forecast in Manufacturing, Japanese industrial production is expected to increase by 1.1 percent in October and to rise by 2.1 percent in November this year, both month on month. Meanwhile, Japanese iron and steel production is expected to rise 2.0 percent in October and to fall by 0.8 percent in November this year, month on month.