Japan Retail Sales Climb 0.6% In February

Retail sales in Japan gained a seasonally adjusted 0.6 percent on month in February, the Ministry of Economy, Trade and Industry said on Tuesday.

That beat forecasts for a decline of 1.7 percent following the 1.5 percent increase in January.

On a yearly basis, retail sales gained 1.7 percent – again exceeding expectations for a decline of 1.5 percent following the 0.4 percent drop in the previous month.

Large retailer sales added 0.2 percent on year, topping forecasts for a decline of 1.6 percent following the 1.5 percent decline a month earlier.

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