Japan retail sales slide 1.1% in AugustStaff Writer | September 30, 2016
Retail sales in Japan were down 1.1 percent on month in August, the Ministry of Economy, Trade and Industry said.
Asia Missed forecasts for a decline of 0.8 percent in Japan
On a yearly basis, retail sales fell 2.1 percent - also beneath expectations for a decline of 1.7 percent after easing 0.2 percent in the previous month.
Sales from large retailers skidded an annual 3.6 percent versus forecasts for a fall of 2.9 percent after gaining 0.6 percent a month earlier. ■