Japan's June retail sales fall for fourth month, but at slower pace

Topics Japan | Japan economy


By Yoshifumi Takemoto and Daniel Leussink TOKYO (Reuters) - Retail sales in Japan fell for the fourth straight month in June as consumer sentiment remained bruised due to the impact from the coronavirus pandemic, though the pace of decline was slower than expected. The extended fall in retail sales backed signs that the health crisis has thrown the world's third-largest economy into a deep recession.

Retail sales dropped 1.2% in June from a year earlier, pulled down by weakness in spending on general merchandise as well as.

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