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. However, the annual growt...
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Business News
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.