Japan April retail sales rise 5.0% year-on-year
Published Thu, May 28, 2015 · 12:02 AM
[TOKYO] Japanese retail sales rose 5.0 per cent in April from a year earlier, less than a median market forecast for a 5.4 per cent increase, government data showed on Thursday.
In April last year, the government increased the sales tax to 8 per cent from 5 per cent. The move took a severe hit on private consumption and nudged the economy into recession.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked