Japan’s industrial production rose 1.5% month-on-month in October 2025, slightly above the flash estimate of 1.4% but slower than the 2.6% increase in September. It marked the second consecutive monthly gain, supported by continued strength across key sectors. Motor vehicle production surged (6.7% vs 1.0% in September) as supply chain conditions improved and export demand stayed firm. Also, electrical machinery and information and communication electronics equipment accelerated (7.4% vs 4.9%). Transport equipment excluding motor vehicles rebounded sharply (4.4% vs -6.4%), reflecting recovering orders. On an annual basis, industrial production grew 1.6%, easing from September’s 3.8% but still marking the second straight year-on-year increase.

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