RTTNews - Retail sales in Japan were down 2.5 percent on year in July, the Ministry of Economy, Trade and Industry said on Monday, beating forecasts for a 3.5 percent decline after the revised 2.9 percent contraction in June.

On a monthly basis, retail sales were up a seasonally adjusted 0.4 percent versus expectations for a 0.5 percent fall following the 0.2 percent easing in the previous month.

Large retailers saw sales fall 8.4 percent on month and 7.0 percent on year.

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