Retail Sales in Japan
Japan - Retail SalesA 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
|Retail Sales (annual variation in %)||1.8||1.0||1.7||-0.4||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Japan Retail Sales Chart
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.
|Bond Yield||0.03||-3.33 %||Sep 21|
|Exchange Rate||112.5||0.22 %||Sep 21|
|Stock Market||20,347||0.18 %||Sep 21|
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August 31, 2017
Industrial production fell 0.8% in July compared to the previous month in seasonally-adjusted terms, contrasting June’s 2.2% increase.
August 25, 2017
In July, the core consumer price index was flat from the previous month in seasonally-adjusted terms, matching the result in the previous five months.
August 23, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from July’s revised 52.1 (previously reported: 52.2) to 52.8 in August.
August 17, 2017
Nominal exports valued in yen increased 13.4% from the same month last year in July, following June’s 9.7% increase.
August 14, 2017
The Japanese economy expanded healthily in Q2 on the back of a strong pickup in domestic demand.