Retail Sales in Japan

Japan Retail Sales | Economic News & Forecasts

Japan - Retail Sales

Economic activity has performed relatively well in Q4 as the weakening of the yen following Donald Trump’s victory in the November U.S. presidential election and a modest pick-up in global growth supported business confidence. On the downside, poor gains in wage growth continue to constrain private consumption. Although GDP expanded for the third consecutive quarter in Q3, the reading was revised down due to a worse-than-expected performance in private investment and a sharp destocking process. Moreover, a change in accounting standards and the base year for GDP contributed to the lower figure. The government unveiled the FY 2017 budget on 8 December, which is expected to be approved by the Cabinet on 22 December. The budget intends to rein in social security costs, boost the country’s workforce and encourage salary increases. Moreover, the government is set to approve a third supplementary budget for this year, amounting to USD 1.7 billion and focusing on earthquake reconstruction and military spending.

Japan - Retail Sales Data

2011  2012  2013  2014  2015  
Retail Sales (annual variation in %)-1.0  1.8  1.0  1.7  -0.4  

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Japan Retail Sales Chart


Japan Retail
Note: Annual variation of retail sales in %.
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.

Japan Facts

ValueChangeDate
Bond Yield0.07-12.00 %Jan 20
Exchange Rate114.6-0.21 %Jan 20
Stock Market19,1380.34 %Jan 20

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