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Japan's spending woes persist as retail sales fall at fastest pace in 17 years

BOJ expected to hold off on expanding stimulus at Thursday's monetary policy review
Wednesday, April 29, 2015 - 05:50
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JAPANESE retail sales in March declined at their fastest annual pace in 17 years as consumer spending struggled to pick up a year after a sales-tax increase, keeping alive speculation the Bank of Japan (BOJ) will expand stimulus again later this year.

Tokyo

JAPANESE retail sales in March declined at their fastest annual pace in 17 years as consumer spending struggled to pick up a year after a sales-tax increase, keeping alive speculation the Bank of Japan (BOJ) will expand stimulus again later this year.

Retail sales slid 9.7