Monday, May 28, 2012

Japan retail sales and household spending rise in April

Uniqlo store in Tokyo

Japan's retail sales and household spending rose in April indicating that domestic demand in the world's third-largest economy may be picking up.

Retail sales jumped by 5.8% from a year earlier, while household spending rose by 2.6%.

Japanese policymakers have been trying to boost domestic consumption in a bid to offset a slowdown in export growth.

Japan's export sector has been hurt in recent times by a slowdown in key markets such as the US and Europe.



Source & Image : BBC

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