Retail Sales Continued To Rise In Japan In May
Recently, the Japanese Ministry of economic and trade announced the retail sales data in May. The retail sales in May increased by 2.8% over the same period last year, rising for the fifth consecutive month. Economists said the future sales situation will continue to improve moderately due to the improvement of employment and income. Japan's economic and industrial province announced on 28, the country's May inflation adjusted retail sales rose 2.8% compared to the same period last year.
The report shows that retail sales have increased for fifth consecutive months, up 4.9% in April. Economists say that with the improvement of employment and income, more families will be willing to spend, so retail sales will continue to improve moderately.
In addition, the sale of large retailers after the adjustment of the number of stores decreased by 4%.
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