Japan December retail sales: 0.9% m/m(expected 0.4%)

Japan December retail sales data

0.9 % m/m

• expected 0.4%, prior -1.1%

1.3 % y/y

• expected 1.0%, prior 1.4%

A couple of beats for sales data from Japan. Data from japan has been mixed, which is better than bad. Satisfaction for the BOJ on improvement is tempered though by still low CPI, way below their target. Easy policy will continue while this is the case.