June 30, 2022 02:14 GMT
- Japan's industrial production fell 7.2% m/m in May, led by automobile industry, electrical / information and communication machinery industry, due to the lock downs in China, marking the second monthly fall.
- Shipments marked decreased 4.3% m/m from last month, automobile industry made the most contribution to the decline as a result of China lockdowns.
- Inventories dropped for a third month by 0.1% m/m, following last 2.5% decline.
- METI sees production rising 12.0% (revised up from 8.9%) in June before rising 2.5% in July.