Japan - Retail sales

For May, comes in -1.6% m/m for a miss on expected

  • expected -1% m/m, prior +1.4%

And +2.0% y/y for a miss on expected but nevertheless a 7th consecutive y/y rise

  • expected +2.6% y/y, prior +3.2%

Slow wage growth is weighing on retail sales performance. Private consumption is generally on the up, though, albeit slowly.

Yen is little bothered by the release, barely moved. Updates: