Japan's retail sales grew for the third straight month in May despite continuing restrictions related to the pandemic and the unemployment rate rose further, official data revealed Tuesday.
Retail sales grew at a pace of 8.2 percent year-on-year in May, but slower than the 11.9 percent increase in April, data released by the Ministry of Economy, Trade and Industry showed.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.