Japan Aug retail sales slip renews pressure on policymakers

Japan Aug retail sales slip renews pressure on policymakers
 

Japan's retail sales fell more than expected in August for the sixth straight month of annual declines due to falling sales of clothes and home appliances - keeping policymakers under pressure to find ways of beefing up household spending.
Retail sales fell 2.1 percent in August from a year earlier, more than a median market forecast for a 1.8 percent annual decline, data from the Ministry of Economy, Trade and Industry showed on Thursday.
The weak reading underscores the relative fragility in Japan's economy, with slow wage growth and gloomy prospects of recovery weighing on household... read more

 
29 September 2016 in Business, Views: 45
Source: Reuters
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