Japan Retail Sales Fall 4.6% On Year In March

Retail sales in Japan were down 4.6 percent on year in March, the Ministry of Economy, Trade and Industry said on Thursday.

That barely beat expectations for a decline of 4.7 percent following the downwardly revised 1.6 percent increase in February (originally 1.7 percent).

Sales from large retails plummeted an annual 10.1 percent, missing forecasts for a decline of 8.0 percent following the 0.2 percent increase in the previous month.

On a monthly basis, retail sales skidded 4.5 percent - in line with expectations following the upwardly revised 0.6 percent increase a month earlier (originally 0.2 percent).

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