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Japanese retail sales fell more than expected
Retail sales in Japan fell a seasonally adjusted 1.7 percent on month in December, the Ministry of Economy, Trade and Industry said on Monday, cited by rttnews.
That missed expectations for a decline of 0.5 percent following the 0.2 percent increase in November.
On a yearly basis, retail sales added 0.6 percent - also shy of forecasts for a gain of 1.7 percent, which would have been unchanged from the November reading.
Large retailer sales dropped an annual 1.3 percent, missing forecasts for a fall of 1.0 percent following the 0.3 percent drop in the previous month.
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