YoY Change in Japan's Retail Sales
Japan| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year change in retail sales in Japan indicates the percentage increase or decrease in retail sales for a specific month compared to the same month of the previous year. This data is released monthly by the Ministry of Economy, Trade and Industry and is crucial for evaluating consumer spending trends.
Year-on-year data helps in understanding consumer purchasing behavior and the overall health of economic activities. An increase in retail sales suggests higher consumer willingness to spend, indicating economic expansion. Conversely, a decrease in retail sales suggests reduced consumer spending and potential economic stagnation.
This data serves as important reference material for policymakers when adjusting monetary and fiscal policies. For instance, if retail sales show strong growth, central banks may consider raising interest rates to mitigate inflation risks. Conversely, if retail sales decline, there may be a need to strengthen economic stimulus measures. Additionally, this data is valuable for businesses and investors in forecasting consumer trends and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
