Japan’s retail sales rise 5.0% in April

Market news

28 May 2015

Japan’s retail sales rise 5.0% in April

Japan's Ministry of Economy, Trade and Industry released its retail sales figures for Japan on late Wednesday. Retail sales in Japan rose 5.0% in April, missing expectations for a 5.4% gain, after a 9.7% drop in March.

The increase was driven by higher cars and electronics sales.

Commercial sales climbed at an annual pace of 2.7% in April, while wholesale sales increased 1.8%.

Sales from large retailers rose at an annual pace of 8.6% in April.

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the weaker-than-expected GDP data from the U.K.

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