Japan - Industrial Production

Japan: Industrial Production

Mnemonic IP.IJPN
Unit Index 2015=100, SA
Adjustments Seasonally Adjusted
Monthly 4.52 %
Data Feb 2023 94.8
Jan 2023 90.7

Series Information

Source Ministry of Economy, Trade, and Industry (METI) - Japan
Release Indices of Industrial Production
Frequency Monthly
Start Date 1/31/1978
End Date 2/28/2023

Japan: Business

Reference Last Previous Units Frequency
Business Confidence 2023 Q3 5.2 0.7 Diffusion Index, NSA Quarterly
Industrial Production Feb 2023 94.8 90.7 Index 2015=100, SA Monthly
Change in Inventories 2022 Q4 560.6 3,770 Bil. JPY, SAAR Quarterly
Real Change in Inventories 2022 Q4 201.6 2,986 Bil. Ch. 2015 JPY, SAAR Quarterly

Release Information

The indexes of industrial production capture the status of production, shipment and the inventory situation of Japan's manufacturing and mining industries. The data is published every month. The data is mainly based on the "Current Survey of Production" conducted by METI.

These indexes enable users to perceive production activities of business establishments in mining and manufacturing, supply and demand trends of produced products and production plans for manufacturers, two months ahead as well as production related facilities and their operational statuses.

These indexes are highly detailed and are classified by business types and goods and hence can also be used to grasp production trends.

For Japan, the indexes of production forecast surveys planned production amounts for current and proceeding months, for a subset of manufacturing industries, to assess changing business conditions. Monthly from 2008.


The current series is provided in both seasonally unadjusted and adjusted formats. The indexes have a base year of 2015=100.

The Survey of Production Forecast in manufacturing is to forecast production activities in the coming two months as of the 10th of the month. It coincides with the monthly release of industrial production.  Data are available for the Manufacturing sector including breakdown according to the JSIC classification.  Responses are collected in terms of the previous month, current month, and next month.  Data are presented as indices and percent changes from the previous month in both seasonally adjusted and not seasonally adjusted form.  A realization ratio is also available which shows to what extent the estimated amount for the current month in the previous survey has been actualized.

In this survey, the following production data are collected from major enterprises: the actual production amount for the previous month, the estimated amount for the current month, and the planned amount for the following month. Based on the data collected, the Production Forecast Indices are calculated on 195 manufacturing goods. The Realization Ratio is also calculated by using these indices.

Data is prelimanary when released and are subject to revisions.