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Summary The rise beat average market expectations of around 1.5 percent growth.
Japans industrial production in January rose by a bigger-than-expected 2.0 percent from the previous month as companies stepped up output of cars and electronic products, the government said Wednesday.The rise beat average market expectations of around 1.5 percent growth and followed a revised month-on-month rise of 3.8 percent in December.Industrial production is showing signs of an upward movement, the economy, trade and industry ministry said in a monthly report.Main contributors to the January growth were transport, information and communications and the steel industry, it said. By item, production rose for passenger cars, digital cameras and car navigation systems.A survey of producers by the ministry showed industrial output was expected to rise 1.7 percent in February and another 1.7 percent in March.
