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Japan's Industrial Production Falls 2.1% in May

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Japan's industrial production fell 2.1% year over year in May, according to final data from the Ministry of Economy, Trade and Industry (METI) released on Tuesday.

This marks the first contraction in six months following the 2% growth recorded in April. The latest print was worse than the Trading Economics forecast for a 1.7% decrease.

On a month-over-month seasonally adjusted basis, factory output edged up 0.1%, softer than the 0.5% growth in April and against the consensus forecast of a 0.5% increase, tracked by Investing.com.

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