Bloomberg with a recap pf the Japanese March retail sales data
Results are here (and what a sad and sorry tale they tell)
But, if you can't get enough of dreary news out of the Japanese economy .... here's more:
- Japan's retail sales fell in March the most since 1998
- Sales down 9.7% y/y (last year's results were boosted by the run-up in purchases ahead of the April 1 92014) sales-tax increase)
"It's becoming clear that Japan's recovery is very sluggish," said Kiichi Murashima, an economist at Citigroup Inc. "With a tight labor market and better consumer sentiment, we don't have to change the view that spending will pick up gradually. But uncertainties are growing about the strength of the economy and that's worrisome for the BOJ."
