Japanese retail trade rises in April, slightly below expectations

FXStreet (Bali) – While the Japanese economy grew faster than expected during Q1, fastest peace in a year, Japanese retail trade (YoY) could not live up to the expectations, reaching 5% in April vs 5.4% expected.

One would have imagined retail trade to come slightly higher, if only using as reference the encouraging pick up in private consumption during the last JP GDP, a key component that needs to see faster progress in order to contribute to the BoJ’s stable 2% inflation goal.

Japan Large Retailer’s Sales were 8.6% (April) vs -13% last month, while Japan Retail Trade s.a (MoM) was up to 0.4% in April from previous -1.9%.

While the Japanese economy grew faster than expected during Q1, fastest peace in a year, Japanese retail trade (YoY) could not live up to the expectations, reaching 5% in April vs 5.4% expected.

(Market News Provided by FXstreet)