Japanese Retail Trade rises faster than expected in May, growing 3% versus the forecast 2%

Japan’s Retail Trade for the year ended in May, clocking in at 3% YoY versus the forecast hold at 2.0%. On the downside, the previous period’s print was revised down to 2.0% from the initial print of 2.4%.

Large Retailer Sales also increased in May, climbing to 4% YoY versus the previous month’s print of 3%.