Japanese retail sales for April have just been released, and they’ve missed slightly to the downside.
From a year earlier sales increased by 5.0%, below expectations for a gain of 5.4% but well ahead of the 9.7% sales tax-induced slump recorded in the year to March.
According to the Japanese Ministry of Economy, Trade and Industry commercial and wholesale sales increased by 2.7% and 1.8% respectively while sales at large retailers jumped 8.6% from a year earlier.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.