FX.co ★ Japan Retail Sales Growth Below Estimates

Retail sales in Japan rose by 3.1% year-on-year in March 2025, following a downward revision to 1.3% growth the previous month, falling short of market predictions of a 3.5% increase. This signifies the 36th consecutive month of retail sales expansion, although it represents the slowest growth since last October. Nevertheless, the ongoing increase in wages remains a supportive factor for consumer spending.