Economic news

Review: Japanese retail sales rise 2% in May, less than expected

Japan retail sales in May 2017 increased by 2% (year-on-year), according to the data from the Ministry of Economy, Trade and Industry. Experts expected an increase of 2.6% after its 3.2% jump in April.

The retail sales growth last month was driven by an increase in demand for cars (+ 7%), fuel (+ 8.7%), and medical and hygienic goods (+ 6.3%).

The Japanese economy is expanding for a fifth straight quarter due to improving exports and rising domestic demand.

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