Retail Sales in Japan

Japan Retail Sales | Economic News & Forecasts

Japan - Retail Sales

The economy will likely contract for the third consecutive quarter in Q2 due to the coronavirus crisis and the declaration of a national state of emergency on 16 April, which gave power to prefecture governors to request people to stay at home. Although the private-sector PMI reading increased slightly in May, it still remained close to April’s reading, which was the lowest recorded since current data started being collected over a decade ago. To help businesses and consumers cope, the government rolled out stimulus worth roughly 20% of GDP in April, which subsumed previously announced stimulus and included subsidies for businesses to help them retain employees. On 27 May, the cabinet approved additional stimulus which doubled the amount previously provided, bringing the total to 40% of GDP. In the same month, Prime Minister Shinzo Abe ended the national state of emergency.

Japan - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)-0.4  -0.6  1.9  1.7  0.1  

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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

Value Change Date
Bond Yield-0.02-4.41 %Dec 30
Exchange Rate108.7-0.35 %Jan 01

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