Japan’s industrial output drops 1.2%
According to the preliminary data released by the Ministry of Economy, Trade and Industry (METI), Japan's December industrial output fell 1.2% from the previous month. However, December industrial output up 1.4% year-on-year. METI also forecasts that industrial output in January will increase 2.8%, but fall 1.2% in February. In December, overall industrial production showed a downturn from the previous month as the closely-watched electronics sector slashed output. Automotive sector production also dropped 3% from the previous month.