Retail Sales m/m show the total volume of retail sales of goods and services in the past month compared with the previous one. This is a highly volatile indicator, and it is seasonally adjusted.
Retail Sales is an important indicator of inflation in the country, that allows evaluating the consumer spending, which is an important indicator of the Japanese economy. The figures, excluding the large fluctuations in automobile sales, are notable because they illustrate the underlying patterns of consumption trends.
In recent years, the operation of Japanese retailers has become more difficult due to foreign-affiliated internet shops. With the spread of smartphones since 2010, the masses, which originally had no IT skills, also started using internet retailers. Therefore, the impact is affecting Japanese retail.
The growth of the indicator has a positive effect on the Japanese yen quotes.
The chart of the entire available history of the "Japan Retail Sales m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.