The value of retail sales in Japan was down a seasonally adjusted 1.1 percent on month in August, the Ministry of Economy, Trade and Industry said on Tuesday - coming in at 12.683 trillion yen. That missed forecasts for an increase of 0.1 percent following the 0.4 percent gain in July.
On a yearly basis, sales were also up 1.1 percent - missing expectations for a 1.0 percent gain following the 0.4 percent increase in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.