Free Subscription

  • Access 15 free news articles each month


Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

July retail sales in Japan slides by 2.8 per cent

Photo of a man holding a money bag
Photo of a man holding a money bag
Retail sales shrunk by 3.3 per cent Photo: Bigstock

Japanese government data shows a significant drop in retail sales for July this year. Retail sales in Japan declined by 2.8 per cent for the calendar month compared with the same period last year, reaching US$117.4 million. The decrease was higher than the median market forecast of a 1.7-per-cent drop, and compounds last month’s fall of 1.3 per cent.

Retail sales shrunk by 3.3 per cent month on month, a stark contrast to a 13.1-per-cent rise in June. The numbers were released by Japan’s Ministry of Economy, Trade, and Industry.

You have 7 free articles.