More Japan data - Retail sales for March % m/m (vs. expected 0.0%)

Retail sales for March +0.2% m/m

• m/m expected 0.0%, prior was 0.4%

1.0% y/y

• expected 0.8%, prior was 0.6%

Beating estimates, unlike IP numbers which were poor indeed:

• March Industrial Production (preliminary): -0.9% m/m (expected 0.0%)