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Japan’s seasonally adjusted industrial production grew 2.7% m/m in January (vs. preliminarily reported 2.5% m/m), an 11th straight month-on-month rise and the fastest since May 2009, after a 1.9% m/m increase in December, final January IP data from the Ministry of Economy, Trade and Industry showed, with the IP index increasing to 92.1 from December’s 89.7. January IP jumped 18.5% y/y nsa (vs. preliminarily reported 18.2% y/y) following a 5.1% y/y December increase, registering a second consecutive year-on-year advance. The seasonally adjusted capacity utilization index rose 3.9% m/m to 87.6 in January, up for an 11th straight month and matching November 2008’s level, after a 1.4% m/m increase in December. January capacity utilization gained 26.1% y/y nsa.