Japan's retail sales dropped and industrial output inclined in July

A report today showed that Japan's industrial production inclined in July at the slowest pace in four months, while Yearly retail sales fell for the 11th consecutive month which is the longest drop since 2003. Economic conditions in Japan remain unstable and recovery looks to be fragile due to the continuous deteriorations in the labor market and household spending that accounts for half of the economy. Monthly industrial production in Japan inclined by 1.9% in July which is the fifth