Japan's June industrial output rises 2.0% on month

Japan's industrial output in June expanded 2.0 percent from the previous month, led by shipments of motor vehicles on the back of solid demand in both domestic and overseas markets, government data showed Monday.The seasonally adjusted index of production at factories and mines stood at 105.3 against the 2020 base of 100, the Ministry of Economy, Trade and Industry said in a preliminary report. The increase followed a revised 2.2 percent contraction in May.The ministry maintained its basic assessment for the reporting month, saying industrial production was "showing signs of moderately pick…READ FULL ARTICLE