November 15, 2018

Retail Sales Japan

A rebound in April

Published monthly by the Ministry of Economy, Trade, and Industry. Updated till the month of September 2018 (published on November 15th, 2018)

Recent data trend

After a frugal start of 2018, Japanese consumers loosened their purse strings in April. In April 2018, retail sales rose by 1.4% month on month (MoM), reversing much of the decline it suffered in the first three months of 2018. The expansion in April should be a relief for economy-watchers in Japan. The Japanese economy saw a negative growth in the January-March quarter of 2018, interrupting the positive growth streak that had lasted for 8 quarters. The slump in private consumption was one of...

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Brief overview of Retail Sales:

“Retail sales” is published as a part of “Current survey of commerce”, a survey published monthly by the Ministry of Economy, Trade, and Industry. It is a comprehensive survey of retail activities in Japan and it correlates well with the overall private consumption trend in Japan.

According to the statistics, retail sales totalled 137.6 trillion yen in Japan in 2012. By type of retail stores, food and beverage account for 32.0% of the total, followed by motor vehicles (12.1%), fuels (9.8%) and general merchandise (9.2%). Comparative figures in the U.S. retail sales in 2012 were 14.5% for food and beverage, 20.3% for motor vehicles, 12.7% for the gasoline station and 15.1% for general merchandise. Retail sales in Japan peaked in 1997 at 146.3 trillion yen before it started a sharp decline to 132.3 trillion yen in 2003. It was a period of time when Japan faced the first nationwide financial crisis since WWII. Since 2003, retail sales seem to be on a moderate recovery path with a brief setback in 2010 amid the great global recession.

 

For more information, visit the official government page

The Next Release Date:   November 29th, 2018 (Preliminary October data)

                                        December 13th, 2018 (Final October data)

                                        

                                      

                                     

                                      

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