Retail trade in Japan increased 3.5 percent year-on-year in October of 2018, well above the the 2.2 percent increase for September and market expectations of a 2.6 percent climb. It was the fastest expansion rate in ten months. Sales grew at a faster pace for fuel (14.7 percent vs 13.2 percent), medicine & toiletry stores (6.2 percent vs 0.1 percent). Also, sales of motor vehicles rebounded a sharp 6.6 percent after edging down 0.1 percent in the previous month. In contrast, sales of general merchandise declined further (1.6 percent vs 1.3 percent). On a monthly basis, retail sales went up 1.2 percent, following a 0.2 percent gain in September. Retail Sales YoY in Japan averaged 4.58 percent from 1971 until 2018, 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 -0.90 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 1.86 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-29 11:50 PM Retail Sales YoY 1.5% 1.7% 1.2% 1.2%
2018-09-27 11:50 PM Retail Sales YoY 2.7% 1.5% 2.1% 1%
2018-10-28 11:50 PM Retail Sales YoY 2.1% 2.7% 1.6% 1.6%
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 3.5% 1.2%
2019-01-29 11:50 PM Retail Sales YoY -0.90%
2019-02-27 11:50 PM Retail Sales YoY


Japan Consumer Last Previous Highest Lowest Unit
Consumer Confidence 42.90 43.00 50.80 27.50 Index Points [+]
Retail Sales MoM 1.20 -0.20 8.29 -13.70 percent [+]
Retail Sales YoY 3.50 2.20 36.50 -14.30 percent [+]
Household Spending -0.30 -1.60 7.20 -10.60 percent [+]
Consumer Spending 299902.60 300450.30 306060.90 150439.60 JPY Billion [+]
Disposable Personal Income 428.52 365.45 1079.95 35.36 JPY Thousand [+]
Personal Savings 22.50 12.50 51.10 -9.90 percent [+]
Bank Lending Rate 1.00 1.00 9.90 0.90 percent [+]
Households Debt To GDP 57.40 57.00 72.20 20.30 percent of GDP [+]
Gasoline Prices 1.35 1.41 2.00 0.91 USD/Liter [+]
Consumer Credit 334396.00 342789.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 2.20 36.50 -14.30 1971 - 2018 percent Monthly




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