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Japan retail sales dissapoint

USDJPY News by Newsroom on 23:56 January 29, 2017 EST

Retail sales rose 0.6 percent in December from a year earlier but well below the median market forecast for a 1.5 percent increase. Sales at large-scale retailers fell 1.3% in December from the previous year.

Large retailer sales dropped an annual 1.3 percent, missing forecasts for a fall of 1.0 percent.

Consumers have been reluctant to spend as wage growth remains sluggish. Japan's economy expanded for a third straight quarter in July-September as exports recovered, but domestic activity remained weak.




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