Retail trade growth in Japan slowed to 0.6 percent year-on-year in January 2019 from 1.3 percent in the previous month and missing market consensus of 1.1 percent. It marked the weakest gain since May last year, as sales eased for machinery & equipment (1.6 pct vs 4.2 pct in December), fuel (2 pct vs 3.9 percent), and medicine & toiletry (2.6 pct vs 2.7 pct). In addition, sales fell for fabrics apparel & accessories (-0.3 pct vs 4.2 pct), and food & beverages (-0.4 pct vs 0.4 pct) and declined further for general merchandise (-5.1 pct vs -1.4 pct). On the other hand, sales rose at a faster pace for motor vehicles (6 pct vs 3.9 pct) and others (1.4 pct vs 0.1 pct). On a monthly basis, retail trade went down 2.3 percent, after increasing 0.9 percent in December. Retail Sales YoY in Japan averaged 4.56 percent from 1971 until 2019, reaching an all time high of 36.50 percent in January of 1979 and a record low of -14.30 percent in March of 1998.

Retail Sales YoY in Japan is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Japan to stand at 1.20 in 12 months time. In the long-term, the Japan Retail Sales is projected to trend around 0.90 percent in 2020, according to our econometric models.

Japan Retail Sales
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-28 11:50 PM Retail Sales YoY 3.5% 2.2% 2.6% 0.9%
2018-12-27 11:50 PM Retail Sales YoY 1.4% 3.6% 2.2% 1.2%
2019-01-29 11:50 PM Retail Sales YoY 1.3% 1.4% 0.8% 0.4%
2019-02-27 11:50 PM Retail Sales YoY 0.6% 1.3% 1.1% 0.7%
2019-03-28 11:50 PM Retail Sales YoY 0.6% 1.3% 0.4%
2019-04-26 11:50 PM Retail Sales YoY 1.7%
2019-05-29 11:50 PM Retail Sales YoY


Japan Consumer Last Previous Highest Lowest Unit
Consumer Confidence 41.50 41.90 50.80 27.50 Index Points [+]
Retail Sales MoM -2.30 0.90 8.30 -13.70 percent [+]
Retail Sales YoY 0.60 1.30 36.50 -14.30 percent [+]
Household Spending 2.00 0.10 7.20 -10.60 percent [+]
Consumer Spending 300989.90 299766.70 305974.80 150439.60 JPY Billion [+]
Disposable Personal Income 384.01 849.90 1079.95 35.36 JPY Thousand [+]
Personal Savings 14.00 54.30 54.30 -9.90 percent [+]
Bank Lending Rate 1.00 1.00 9.90 0.90 percent [+]
Households Debt To GDP 57.70 57.40 72.20 20.30 percent of GDP [+]
Gasoline Prices 1.29 1.30 2.00 0.91 USD/Liter [+]
Consumer Credit 332103.00 332525.00 415556.00 221292.00 JPY Billion [+]


Japan Retail Sales

In Japan, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides the latest reported value for - Japan Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Retail Sales - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.30 36.50 -14.30 1971 - 2019 percent Monthly




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