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Japan’s industrial production increased by 0.5% month-on-month in May 2026, matching April’s growth but falling short of market expectations for a 1.1% rise, preliminary data showed. The figures highlight manufacturers’ continued caution amid elevated uncertainty stemming from Middle East tensions and global trade conditions. Even so, output expanded for the second consecutive month. On a yearly basis, however, industrial production fell 1.7%, reversing a 2.0% gain in April and marking the first annual decline in six months.
