Japan data - April retail sales +1.4% m/m (vs. +0.5% expected)

For the y/y comes in at +1.6%

Japan April Retail Sales

+1.4% m/m

• expected +0.5%, prior -0.6%

Y/y is up 1.6%

• expected 1.0%, prior +1.0%

This series beginning to register a little improvement

Despite negligible wages growth

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