Japan’s industrial production index fell in May

Japan’s industrial production index fell to 88.0 last May, down 7.5% month-on-month, according to a report released by the Ministry of Economy, Trade and Industry on Thursday.

This figure was lower than investors’ expectations, indicating that Japan’s production fell 3.1% compared to last year.

In addition, Japan’s inventory ratio rose 7.9% year-on-year, as the shipments index fell by 3.1% and the inventories index improved by 3.8%.

Monthly, Japan’s shipments and inventories index decreased by 4.1% and 0.9%, respectively, as the inventory ratio improved by 3.1%.