Japan industrial production falls 3.4% on-month in February

Japan industrial production falls 3.4% on-month in February

TOKYO - Japan's factory production in February fell by a worse-than-expected 3.4 percent month-on-month, turning down from a solid rise in January, according to official data released on Monday.

Workers assemble a truck on production line of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) Kawasaki plant, on March 10, 2015

The latest figures from the Ministry of Economy, Trade and Industry missed economists' median forecast of a drop of less than two percent and reversed a revised 3.7 percent rise seen in January.

But the ministry left unchanged its verdict on the broader trend in factory production.

"Industrial production shows signs of increase at a moderate pace," it said in the February report, using the same phrase for January.

The ministry also said a survey of manufacturing companies' output projections suggested their production would fall by a further 2.0 percent in March before rising 3.6 percent in April.

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