Japanese retail sales continued to increase in November as the travel subsidy program initiated to stimulate the tourism sector boosted consumer spending and unemployment rate was the lowest in three months, official data revealed.
Retail sales grew 2.6 percent in November from the same period last year. This was the ninth consecutive rise in sales, the Ministry of Economy, Trade and Industry reported Tuesday.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.