Japan July retail sales fall 0.3pc year/year

29 Aug, 2013

TOKYO: Japanese retail sales fell 0.3 percent in July from a year earlier, government data showed on Thursday, in a sign that consumer spending is losing some momentum.

That compares with a 0.6 percent annual gain projected by economists in a Reuters poll and followed a 1.6 percent gain in the year to June, data from the Ministry of Economy, Trade and Industry showed.

Read Comments