Japan's recovery from
March tsunami and earthquake, was harmed by drop both in retail sales and
production in November. Industrial
production lost 2.6% compared to October while retail sales gave up 2.1%. As
result, consumer prices excepting fresh food, tumbled 0.2% on a yearly basis. Japanese
economy faces a downward path as exports are declining, said, Yoshimasa
Maruyama, Itochu Corp. chief economist.
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