Economy

Increase in Japanese Retail Sales in May

Increase in Japanese Retail Sales in May

Government data released today, Thursday, indicated that Japanese retail sales increased by 5.7 percent in May compared to the same month last year, marking the fifteenth consecutive month of growth. This increase closely aligned with market expectations for retail sales growth of 5.4 percent.

On another note, the Nikkei index opened 0.34 percent higher at 33,306.84 points today, while the broader Topix index rose by 0.29 percent to 2,305.25 points.

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