Japan’s Retail Sales Rise Less Than Expected in September
This article is for subscribers only.
Japan’s retail sales rose less than forecast in September as the expiry of government subsidies for car purchases sapped consumer demand.
Retail sales rose 0.4 percent from a year earlier, the Trade Ministry said in Tokyo today, after a revised 1.7 percent rise in August. The median estimate of 15 economists surveyed by Bloomberg News was for a 1 percent increase. Sales dropped 3.6 percent from August, the largest monthly fall since March 2011.