The rebound from the March earthquake and tsunami sputtered in November as production and retail sales tumbled, deepening the return to deflation that first took hold a decade ago.
Industrial output slumped 2.6 percent from October, a government report showed Wednesday. Retail sales slid 2.1 percent. Consumer prices excluding fresh food fell 0.2 percent from a year earlier after a 0.1 percent decline the previous month.
The weakening economy, hurt by Europe's debt crisis and plans by companies from Panasonic Corp. to Nissan Motor Co. to shift production abroad, may undermine Prime Minister Yoshihiko Noda's plan to raise taxes and cut the world's largest debt burden. (Japan Times)
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