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28 May 2015
Japanese retail trade rises in April, slightly below expectations
FXStreet (Bali) - While the Japanese economy grew faster than expected during Q1, fastest peace in a year, Japanese retail trade (YoY) could not live up to the expectations, reaching 5% in April vs 5.4% expected.
One would have imagined retail trade to come slightly higher, if only using as reference the encouraging pick up in private consumption during the last JP GDP, a key component that needs to see faster progress in order to contribute to the BoJ's stable 2% inflation goal.
Japan Large Retailer's Sales were 8.6% (April) vs -13% last month, while Japan Retail Trade s.a (MoM) was up to 0.4% in April from previous -1.9%.
One would have imagined retail trade to come slightly higher, if only using as reference the encouraging pick up in private consumption during the last JP GDP, a key component that needs to see faster progress in order to contribute to the BoJ's stable 2% inflation goal.
Japan Large Retailer's Sales were 8.6% (April) vs -13% last month, while Japan Retail Trade s.a (MoM) was up to 0.4% in April from previous -1.9%.