FX.co ★ Japan Industrial Output Growth Revised a Touch Higher

Japan witnessed a 1.5% month-on-month rise in industrial production for October 2025, surpassing the preliminary estimate of 1.4%, although it represented a deceleration from the 2.6% growth recorded in September. This marks the second consecutive monthly increase, driven by sustained strength across key sectors. Motor vehicle production notably jumped by 6.7%, up from 1.0% in September, as supply chain conditions ameliorated and export demand remained robust. Additionally, the production of electrical machinery and information and communication electronics equipment accelerated, showing a growth of 7.4% compared to the previous 4.9%. Moreover, transport equipment, excluding motor vehicles, experienced a sharp recovery, with growth at 4.4% compared to a decline of 6.4% in the prior month, indicative of an uptick in orders. On a year-over-year basis, industrial production increased by 1.6%, decelerating from September's 3.8% yet still marking the second successive annual increment.