Japan Industrial Production

Data Industry

Source: Japan METI
Source Link: https://www.meti.go.jp/
Frequency: Monthly
Next Release(s): January 29th, 2026 7:50 PM

Latest Updates

Final Report:

Production Capacity and Capacity Utilization:

Source
Preliminary Report:

Forecast:

Source
Final Report:

Production Capacity and Capacity Utilization:

Source
Preliminary Report:

Forecast:

Source
Final Report:

Production Capacity and Capacity Utilization:

Source
Preliminary Report:

Forecast

Source
Japan’s industrial production fell -1.5% MoM and -1.6% YoY in August 2025, revised down from the initial estimates of -1.2% MoM and -1.3% YoY.
- Shipment growth was just 0.2% MoM (vs 0.5% MoM initial estimate) and was down -1.3% YoY.
- Inventory growth was unrevised at -1.0% MoM and -2.9% YoY, as inventories were drawing down on the month.
- The inventory ratio was up 2.3% MoM (vs 2.5% MoM initial estimate) and up just 0.4% YoY.
- Production capacity dropped -0.5% MoM, the largest monthly drop so far this year, and was down -1.8% YoY.
- Capacity utilization dropped -2.3% MoM, the largest monthly decline since March, and was mostly flat at an annual increase of 0.3% YoY.
Source
Japan’s industrial production fell -1.2% MoM (vs -0.8% MoM expected) and -1.3% YoY in August 2025, as both output and inventories declined while the inventory ratio rose.
- Shipments edged up +0.5% MoM but were down -1.1% YoY, indicating only a modest recovery in deliveries.
- Inventories declined -1.0% MoM and -2.9% YoY, pointing to ongoing stock drawdowns across manufacturers.
- The inventory ratio increased +2.5% MoM and +0.6% YoY, suggesting slower inventory clearance relative to shipments.
- Forecasts show production is expected to rise +4.1% MoM in September and +1.2% MoM in October.
- August results highlight fluctuating momentum, but forward-looking surveys suggest near-term stabilization in output.
Source
Japan's industrial production fell -1.2% MoM and -0.4% YoY in July, revised up from the preliminary estimate of -1.6% MoM, as both shipments and output declined.
- Shipments were down -2.1% MoM and -1.7% YoY, revised up from the preliminary estimate of -2.5% MoM.
- Inventory growth was 0.9% MoM, mostly in line with the 0.8% MoM preliminary estimate, but on an annual basis was down -2.4% YoY.
- Production capacity edged up 0.1% MoM, and the annual decline narrowed to -1.7% YoY, the weakest decline so far this year.
- Capacity utilization dropped -1.1% MoM, the second straight drop of more than one percent, and was down -0.4% YoY.
Source
Japan’s industrial production fell -1.6% MoM (vs -1.0% MoM expected) and -0.9% YoY in July 2025, as both output and shipments weakened while inventories edged higher.
- Shipments dropped -2.5% MoM and -2.1% YoY, pointing to softer demand conditions.
- Inventories rose +0.8% MoM but were down -2.5% YoY, while the inventory ratio increased +0.4% MoM and +1.4% YoY, signaling stock accumulation relative to sales.
- The forecast survey projects production to rebound +2.8% MoM in August before slipping -0.3% MoM in September.
- July’s weakness in production and shipments contrasted with expectations for a short-term recovery in August.
Source
Japan’s industrial production rose +2.1% MoM and +4.4% YoY in June 2025, marking a solid rebound in output momentum. This is up from the initial estimate of growth of +1.7% MoM and +4.0% YoY.
- Shipments fell -0.8% MoM but increased +3.8% YoY, indicating short-term weakness amid stronger annual demand.
- Inventories declined -0.3% MoM and -3.1% YoY, pointing to a leaner stock position.
- The inventory ratio rose +0.9% MoM but was down -1.8% YoY, suggesting relative improvement in inventory efficiency.
- Production capacity edged up +0.2% MoM but fell -1.9% YoY, reflecting a gradual erosion in longer-term capacity.
- The operating ratio dropped -1.8% MoM but rose +3.9% YoY, signaling a pullback from the prior month’s pace while remaining above year-ago levels.
Source
Japan’s industrial production rose +1.7% MoM and +4.0% YoY in June 2025, marking a strong rebound in output momentum following recent weakness.
- Shipments fell -0.8% MoM but were up +3.8% YoY, reflecting near-term volatility in domestic and external demand.
- Inventories declined -0.4% MoM and -3.2% YoY, contributing to a leaner stock environment.
- The inventory ratio rose +0.8% MoM but was down -1.9% YoY, suggesting relative improvement in inventory efficiency.
- July 2025 production is forecast to rise +1.8% MoM, with a further +0.8% MoM gain expected in August.
Source

Japan Industrial Production

Latest Updates

Final Report:

Production Capacity and Capacity Utilization:

Preliminary Report:

Forecast:

Final Report:

Production Capacity and Capacity Utilization:

Preliminary Report:

Forecast:

Final Report:

Production Capacity and Capacity Utilization:

Preliminary Report:

Forecast