Retail Sales in Japan

Japan Retail Sales | Economic News & Forecasts

Japan - Retail Sales

A combination of improving consumer confidence and dynamic investments led the economy to expand at the fastest pace in over two years in Q2. Private consumption is slowly gathering pace due to moderate wage growth and low unemployment. However, it is too soon to say whether the long-awaited improvement in household spending will be sustainable, as income growth remains limited. In turn, investment is benefiting from accommodative financial conditions, healthier domestic demand and construction projects related to the 2020 Olympic Games to be held in Tokyo. The contraction in exports of goods and services could be a signal that the global economic cycle is peaking, which could have a severe impact on Japan’s export-driven economy. In an attempt to breathe new life into his government following the disappointing results in Tokyo’s 2 July Metropolitan assembly election, Prime Minister Shinzo Abe reshuffled his cabinet on 3 August. While Abe’s move will not change the overall direction of his economic policies, it is expected to help him cement his grip on power.

Japan - Retail Sales Data

2012  2013  2014  2015  2016  
Retail Sales (annual variation in %)1.8  1.0  1.7  -0.4  -0.6  

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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

Bond Yield0.03-3.33 %Sep 21
Exchange Rate112.50.22 %Sep 21
Stock Market20,3470.18 %Sep 21

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