FX.co ★ Retail Sales in Japan Surge by 2.3% in February 2024

In a positive turn of events for the Japanese economy, retail sales in the country surged by 2.3% in February 2024 compared to the same month a year ago. This significant increase follows a previous indicator that had stopped at 2.3% in January 2024. However, the latest data update on 28 March 2024 reveals an even more impressive growth as the current indicator has now reached 4.6%. This substantial rise in retail sales is a promising sign of consumer confidence and economic recovery in Japan. The Year-over-Year comparison underscores the steady progress in the retail sector, showcasing a notable improvement from the previous year's performance.