Japan's Ministry of Economy, Trade and Industry released its preliminary industrial production figures on late Sunday evening. Industrial production in Japan declined 0.6% in July, after a 0.8% gain in June.

On a yearly basis, Japan's industrial production was up 0.2% in July, after a 2.3% rise in June.

Lower overseas demand weighed on the Japanese industrial production.

The decline was driven by decreases in the electrical components and the transport equipment industries.