Japan industrial production gained 2.7 percent on year in December, the Ministry of Economy, Trade and Industry said on Monday, down from 5.1 percent in November. On a seasonally adjusted monthly basis, industrial production sank 1.0 percent following the 7.0 percent spike in the previous month. Upon the release of the data, the METI maintained its assessment of industrial production, saying that it is showing signs of an upward movement.
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