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Japan industrial production gains 0.3% in April

Japan's seasonally adjusted industrial production rose 0.3% month over month to 104.4 in April, down from 1.4% growth in March, data from the Ministry of Economy, Trade and Industry showed May 31.

Shipments rose 1.8% from March, while inventories declined 0.4%, and the inventory ratio was down 2.9%.

Companies expect production to pick up by 0.3% in May and decrease by 0.8% in June.