The Guardian - The data showed industrial output seems to have bottomed out from its weakness in January-March. Industrial output is closely linked to Japan's economic cycle, so there's a pretty good chance that the economy's current weakness will be short-lived. It may help correct the market's excessive pessimism over Japan's economy. What's important is that manufacturers' output forecast for July is relatively strong. If the output turns out as strong as forecast, there is a good chance for industrial production to turn positive in July-September from the previous quarter.