Japan Retail sales for October -14.4% m/m (expected -10.4%)

Retail sales data, October was he month the new sales tax hit … and wow, what a drop …. much worse than was expected

-14.4% m/m

• expected -10.4% m/m, prior 7.2%

-8.2%

• expected -3.8% y/y, prior 9.2%
• biggest drop since March of 2015