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[TOKYO] Japanese retail sales fell 9.7 per cent in March compared with the same month last year, when sales had surged the most in 17 years ahead of a consumption-tax increase, government data showed on Tuesday.
The result compared with the median forecast for a 7.3 per cent year-on-year drop in a Reuters poll of 17 economists.
Compared with the previous month, sales fell 1.9 per cent on a seasonally adjusted basis.