Industrial production in Japan increased more than forecasted in April, data from the Ministry of Economy, Trade and Industry showed on Tuesday. Industrial production edged higher, rising 0.50% in April, which was more than the preliminary estimates of 0.30%. Analysts were looking for an increase to 0.40%. Despite the modest revision to industrial production, it was still lower than the 3.80% increase seen in March. Shipments numbers were revised higher to 1.60% from 1.50% but inventories fell -1.70% on the month. On an annualized basis, Japan's industrial production is down -3.30% in April, slightly better than the previous estimates of -3.50%.