Industrial production in Japan contracted in November after two months of growth.

The Ministry of Economy, Trade and Industry in Japan released preliminary data on industrial production on Friday morning for the month of November, which showed a contraction in Japan's industrial production after two months of steady growth. However, the pace of contraction was less than expected. According to the reported data, Japan experienced a 2.3% contraction in industrial production growth in November compared to October, while markets had anticipated a contraction of 3.4% in the country's industrial output after recording a growth of 2.8% in October. On an annual basis, the data showed a contraction of 2.8% in Japan's industrial production during November compared to the same month last year, which was worse than the previous reading in October that indicated a growth of 1.4%. It is worth noting that industrial production is a key indicator of economic health in Japan, as it reacts quickly to ups and downs in the business cycle and is linked to consumer conditions such as employment levels and profits.