Japan retail sales data for July: +1.2% m/m (expected +0.6%) and +1.6% y/y (expected +1.1%)

Japan retail sales data for July
+1.2% m/m,
– expected 0.6%, prior was -0.6%
+1.6% y/y,
– expected 1.1%, prior was 1.0%

Retail sales easily beating expectations and the previous month’s results. Earlier we got household spending data (see link below) missing expectations and therefore painting a different picture.

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