Japan February factory production falls more than expected

Japan's factory production in February fell by a worse-than-expected 3.4 percent month-on-month, official data showed on Monday, adding to the gloom enveloping the world's third largest economy as it struggles to overcome last year's tax rise. "The upshot is that Japan's economy seems to have slowed in the first quarter of this year," Marcel Thieliant, Japan economist at Capital Economics, said in a note following the release of the production data. Japan's ind