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Japan February Industrial Output Falls As Estimated
Japan's industrial production declined as estimated in February, final data from the Ministry of Economy, Trade and Industry showed Wednesday. Industrial production was down 2.3 percent month-on-month in February, in line with preliminary estimate. On a yearly basis, output plunged 7 percent. The decline in shipments was confirmed at 1 percent. At the same time, inventories dipped 0.9 percent instead of the initial estimate of 0.8 percent. Capacity utilization slipped 2.6 percent on month versus a 5.9 percent rise in January.