RTTNews - Retail sales in Japan eased 2.8 percent on year in May, the Ministry of Economy, Trade and Industry said on Monday, falling for the ninth consecutive month.
That compares to forecasts for a 2.6 percent annual decline following the 2.8 percent contraction in April.
On a monthly basis, retail sales were flat, in line with forecasts after the 0.6 percent increase in the previous month.
Sales from large-scale retailers dropped 6.5 percent on year, the data showed, slightly worse than forecasts for a 6.2 percent fall after the 6.7 percent decline a month earlier.
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