Retail sales in Japan decline at an annual rate of 0.1% in January

According to Japan’s Ministry of Economy, Trade and Industry (METI), retail sales in Japan declined at an annual rate of 0.1% in January, after a 1.1% drop in December.

Sales at large-scale retailers increased 1.0% year-on-year in January, after a flat reading in December.

On a monthly basis, retail sales were down 1.1% in January, after a 0.3% decrease in December.

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