Japan Retail sales (January): -2.3% m/m (expected -0.8%)

Japan Retail sales for January

-2.3% m/m for a big miss

• expected -0.8% m/m, prior 0.9%

0.6% y/y

• expected 1.4% y/y, prior 1.3%

Other Japanese data released at the same time, also not great:

• Japan Industrial production for January, preliminary:-3.7 % m/m (expected -2.5%)