Japan's Ministry of Economy, Trade and Industry released its preliminary industrial production data on late Tuesday evening. Preliminary industrial production in Japan declined 0.5% in August, missing expectations for a 1.0% increase, after a 0.8% drop in July.

The decline was driven by general-purpose, production and business oriented machinery, electrical machinery and transport equipment.

On a yearly basis, Japan's industrial production was up 0.2% in August, after a flat reading in July.