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Japan's industrial production recovers in April

Japan's industrial production recovered in April after a contraction in the previous month, the Ministry of Economy, Trade and Industry reported May 31.

The country's seasonally adjusted factory output rose 4% in April compared with a revised 1.9% decline in March. This figure was slightly below Reuters' median estimate for a 4.3% rise.

Shipments were up 2.7% month over month while inventories increased 1.5%.