Japan's Dec retail sales fall unexpectedly as BOJ board mulls stimulus
Tokyo
JAPAN'S retail sales unexpectedly declined in December, indicating weakness in consumer spending as the central bank began a two-day meeting on Thursday to decide whether to boost monetary stimulus.
The drop adds to concerns that price gains in Japan will remain insufficient to spur economic growth, with data due on Friday that's forecast to show inflation barely above zero. Turmoil in global financial markets and the yen's recent stren…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions