Japan’s industrial production drops for 2nd straight month in March

FXStreet (Mumbai) - Japanese industrial output fell for the second month in a row in March, increasing the likelihood that the economy grew at a sluggish pace last quarter.

Combined production from Japan's mines, manufacturers, and utilities fell 0.8% m/m in March, final data from the Ministry of Economy, Trade, and Industry (METI) showed on Monday, worse than preliminary result of 0.3% decline, but following a 3.1% fall in production in February.