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Japan Retail Sales Growth Slows, Likely Drag On GDP

Published on Oct 29 2018 1:09 PM in Retail tagged: Japan / Inflation / Retail Sales / Paywall / Bank of Japan / BOJ

Japan Retail Sales Growth Slows, Likely Drag On GDP

Japan's retail sales rose for an 11th consecutive month in September from a year earlier, but the pace of gains slowed from the prior month, in a sign private consumption may not be strong enough to avoid a broader slowdown in economic growth.

]The trade ministry's figures followed data that showed an unexpected drop in exports in September, raising the spectre of a marked moderation in economic growth in July-September from the previous quarter's solid expansion.

Analysts expect the third-quarter slowdown to be temporary, caused by a string of natural disasters that disrupted business and consumer activity in recent months.

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