Retail sales in Japan rose by 1.5% yoy in June 2022, missing market consensus of 2.8% and following an upwardly revised 3.7% gain a month earlier. The latest reading marked the fourth straight month of increase in retail trade but the softest pace since March, amid a resurgence in COVID-19 infections. There were moderation in sales of general merchandise (4.5% vs 20.7% in May) fuel (11.5% vs 15.2%0, and medicine & toiletry (4.6% vs 5.1%). At the same time, sales fell for fabric apparel & accessories (-1.1% vs 12.9%), food & beverages (-1.1% vs -0.1%), and motor vehicles (-9.2% vs -11.1%). On the flip side, sales of others grew faster (9.9% vs 8.7%) amid a rebound in sales of machinery & equipment (0.3% vs -2.7%). On a monthly basis, retail trade fell 1.4 percent in June, the first decline in four months, after an upwardly revised 0.7 percent rise in May. source: Ministry of Economy Trade & Industry (METI)

Retail Sales YoY in Japan averaged 4.26 percent from 1971 until 2022, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Retail Sales YoY in Japan is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Retail Sales is projected to trend around 1.40 percent in 2023, according to our econometric models.

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Japan Retail Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-06-28 11:50 PM May 3.6% 3.1% 3.3% 3.5%
2022-07-28 11:50 PM Jun 1.5% 3.7% 2.8% 3%
2022-08-30 11:50 PM Jul 1.5%


Related Last Previous Unit Reference
Retail Sales MoM -1.40 0.60 percent Jun 2022
Retail Sales YoY 1.50 3.70 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 3.70 36.50 -14.30 1971 - 2022 percent Monthly

News Stream
Japan Retail Sales Growth Below Forecasts
Retail sales in Japan rose by 1.5% yoy in June 2022, missing market consensus of 2.8% and following an upwardly revised 3.7% gain a month earlier. The latest reading marked the fourth straight month of increase in retail trade but the softest pace since March, amid a resurgence in COVID-19 infections. There were moderation in sales of general merchandise (4.5% vs 20.7% in May) fuel (11.5% vs 15.2%0, and medicine & toiletry (4.6% vs 5.1%). At the same time, sales fell for fabric apparel & accessories (-1.1% vs 12.9%), food & beverages (-1.1% vs -0.1%), and motor vehicles (-9.2% vs -11.1%). On the flip side, sales of others grew faster (9.9% vs 8.7%) amid a rebound in sales of machinery & equipment (0.3% vs -2.7%). On a monthly basis, retail trade fell 1.4 percent in June, the first decline in four months, after an upwardly revised 0.7 percent rise in May.
2022-07-29
Japan Retail Sales Grow the Most in A Year
Retail sales in Japan rose by 3.6% yoy in May 2022, exceeding market consensus of 3.3% and following an upwardly revised 3.1% gain a month earlier. The latest reading marked the third straight month of increase in retail trade and the steepest pace since May 2021, boosted by a strength in consumption as the government has lifted all COVID-19 restrictions Sales of general merchandise picked up sharply (20.7% vs 8% in April), amid faster rises in sales of fabric apparel & accessories (11.8% vs 9.7%), fuel (15.0% vs 13.8%) and medicine & toiletries (5.0% vs 3.0%) and a further increase in sales of others (8.6% vs 9.7%). In contrast, sales of food & beverages fell 0.2 percent after rising 0.5 percent in April, while those of machinery and equipment shrank 3.3% following a 0.8% rise in April. Meantime, sales of motor vehicles dropped for the ninth consecutive months (-10.1% vs -7.5%). On a monthly basis, retail sales grew by 0.6% in May, the third consecutive month of increase.
2022-06-29
Japan Retail Sales Growth Beats Forecasts
Retail sales in Japan rose by 2.9% yoy in April 2022, exceeding market consensus of a 2.6% and following a downwardly revised 1.7% gain a month earlier. The latest reading marked the second straight month of increase in retail trade and the steepest pace since May 2021, boosted by a strength in consumption as COVID-19 situation was relatively under control. Sales picked up sharply for both general merchandise (8% vs 1.9% in March) and others (10% vs 2%), while sales of food & beverages went up the most in four months (0.4 percent vs flat reading, and there was a rebound in sales of fabric apparel & accessories (9.5% vs -7.2%) and machinery and equipment (1.6% vs -3.3%). At th same time, sales continued to grow for both fuel (13.9% vs 15.5%) and medicine & toiletries (1.9% vs 3.9%). On the flip side, sales of motor vehicles dropped for the eighth consecutive months (-8.5% vs -6.3%). On a monthly basis, retail sales grew by 0.8% in April, the second straight month of increase.
2022-05-31