According to Japan’s Ministry of Economy, Trade and Industry (METI), retail sales in Japan were down at an annual rate of 1.1% in March, beating expectations for a 1.5% drop, after a 0.4% increase in February. February’s figure was revised down from a 0.5% rise.
Sales at large-scale retailers decreased 1.2% year-on-year in March, after a 2.2% rise in February.
On a monthly basis, retail sales were up 1.4% in March, after a 2.3% decrease in February.
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