Titan FX

YoY Change in Sales at Existing Department Stores and Supermarkets in Japan

Country:
JPYJapan
Importance:
Data Trends
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ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About YoY Change in Sales at Existing Department Stores and Supermarkets in Japan

The year-on-year change in sales at existing department stores and supermarkets indicates the percentage increase or decrease in sales at existing department stores and supermarkets in Japan compared to the same month of the previous year. This data is published monthly by the Japan Department Stores Association and the Japan Chain Stores Association and is crucial for evaluating consumer spending trends.

Year-on-year data helps in understanding consumer purchasing behavior and the health of the retail industry. An increase in sales suggests higher consumer willingness to spend, indicating economic expansion. Conversely, a decrease in sales indicates lower consumer willingness to spend, raising concerns about economic stagnation.

This data serves as a reference for policymakers to assess consumer spending trends and formulate appropriate economic policies. Additionally, it is an important source of information for businesses and investors to understand retail industry trends and develop economic outlooks.

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