SHOTLIST Tokyo, Japan 1. Mid of trader at Tokyo Stock Exchange 2. Wide of stock exchange 3. Various of traders 4. Wide of stock exchange 5. Various of boards 6. Wide of stock exchange STORYLINE The Japanese Nikkei 225 stock average fell 151.91 points, or 1.76 percent, to 8,475.06 on Monday's early trade. The broader Topix index also fell 1.9 percent to 808.62. The sentiment remain cautious in the Tokyo market following the gains on Wall Street last week as stronger than expected earnings reports from leading US companies added to newfound optimism about the world economy. Industrial production in Japan fell a sharp 9.4 percent in February, the government said Monday, as the sharp slump in global demand continued to paralyze the nation's factories. The figure marks the fifth straight month of decline, with especially steep cutbacks among makers of transportation equipment and general machinery, according to the Ministry of Economy, Trade and Industry. Japan, which had relied on foreign sales of its cars and gadgets to drive economic growth, now finds itself mired in its deepest recession since the end of World War II as consumers and companies around the world slash spending. Data last week showed that exports tumbled by a record 49.4 percent in February. The International Monetary Fund expects the Japanese economy to contract 5.8 percent for the 2009 calendar year, though many economists predict it could be far worse. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/7559758bbe18759bfe1b3fa171e7fc6b Find out more about AP Archive: http://www.aparchive.com/HowWeWork