Japan's industrial production falls 9.4%
TOKYO: Japan's government says industrial production in February fell 9.4 percent from the previous month as the sharp slump in global demand continued to paralyze the nation's factories.
The Ministry of Economy, Trade and Industry says the figure marks the fifth straight month of decline, with especially steep cutbacks among makers of transportation equipment and general machinery.
But the ministry said Monday it is a slight improvement over January's record 10.2 percent plunge, suggesting output may have already hit bottom.
The government predicts industrial production to rise 2.9 percent this month and climb 3.1 percent in April.
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