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31.03.202600:06:55UTC+00Japan Industrial Output Falls for First Time in 3 Months

Japan’s industrial production fell 2.1% month-over-month in February 2026, in line with market expectations and reversing the 4.3% increase recorded in January, according to flash estimates. This was the first decline since November, driven mainly by weaker output in motor vehicles (-3.6% vs +8.1% in January), fabricated metals (-5.9% vs +6.0%), and electronic parts and devices (-3.1% vs +1.9%).

By contrast, production rose in several categories, including iron, steel and non-ferrous metals (+2.3%, unchanged from January), chemicals excluding inorganic and organic chemicals and medicine (+1.3% vs +3.1%), and pulp, paper and paper products (+1.6% vs +0.7%).

On a year-on-year basis, overall industrial output increased 0.3%, quickening from a revised 0.7% gain in January and marking the third consecutive month of annual growth.

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