Japan June 2024 Retail Sales +3.7% y/y (expected +3.3%)

  • Retail trade in Japan

Better than expected retail trade results for the y/y. The m/m is lower than the prior. Mixed results for this data following recent wage gains.

Japan data ip retail 31 July 2024 2

I doubt the BoJ is paying too much attention to today's data but this is probably indicative of on hold given its mixed nature.

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