Japan Retail Sales Sink 1.4% On Month In June

The value of retail sales in June was down a seasonally adjusted 1.4 percent on month in June, the Ministry of Economy, Trade and Industry said on Friday.

That missed forecasts for a decline of 0.5 percent following the upwardly revised 0.7 percent increase in May (originally 0.6 percent).

On a yearly basis, retail sales improved 1.5 percent – again shy of expectations for an increase of 2.8 percent following the upwardly revised 3.7 percent jump in the previous month (originally 3.6 percent).

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