Japan: Retail Sales Climbed For The Fifth Consecutive Month In May

Core: Recently, the Ministry of Economy, Trade and Industry of Japan released retail sales data for May retail Sales rose 2.8% year on year, the fifth consecutive month of growth. As employment and income improved, economists said that sales would continue to improve moderately in the future. Japan's Ministry of Economy, Trade and Industry announced on the 28th that the country's retail sales, unadjusted for inflation factors, rose 2.8% year-on-year in May.

Recently, the Ministry of Economy, Trade and Industry of Japan released its retail sales data for May retail Sales rose 2.8% year on year, the fifth consecutive month of growth. As employment and income improved, economists said that sales would continue to improve moderately in the future. Japan's Ministry of Economy, Trade and Industry announced on the 28th that the country's retail sales, unadjusted for inflation factors, rose 2.8% year-on-year in May.

The report shows that, retail Sales have increased for the fifth consecutive month, with an increase of 4.9% in April. Economists said that with the improvement of employment and income, more families will be willing to spend, so retail sales will continue to improve moderately. In addition, after adjusting the number of stores, the sales of large retailers decreased by 4.0% annually.