Japan Just Released Two Ugly Economic Reports

Japan just released a couple of June economic stats, and they were disappointing across the board.

First was the June household spending, which unexpectedly fell 0.4% year-over-year. Economists were looking for a 1.4% gain.

That was followed by the June industrial production numbers, which fell 3.3% month-over-month. Economists were looking for 1.5% decline.