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
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill