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Japan's retail-sales growth slows further in May
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Topic: Japan's retail-sales growth slows further in May (Read 99 times)
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Japan's retail-sales growth slows further in May
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June 28, 2012, 09:18:38 AM »
Japan's retail-sales growth slows further in May
27 June 2012
, by Michael Kitchen - Los Angeles (MarketWatch)
http://www.marketwatch.com/story/japans-retail-sales-growth-slows-further-in-may-2012-06-27
Japan's retail sales rose 3.6% in May compared to a year earlier, the government reported Thursday, extending a trend of slowing growth for the sector
.
Large retailers saw their May sales fall 0.9% from the year-earlier month, the Ministry of Economy, Trade and Industry data showed.
Sales growth had been easing during the quarter, with April sales rising a less-than-forecast 5.7% year-on-year, after a 10.3% jump in March.
The Japanese yen weakened slightly after the data release, with the U.S. dollar buying ¥79.70, compared to ¥79.68 just ahead of the announcement.
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