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. 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 June of 2022.

Retail Sales YoY in Japan is expected to be 2.00 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
2022-04-27 11:50 PM Mar 0.9% -0.9% 0.4% 0.5%
2022-05-30 11:50 PM Apr 2.9% 0.7% 2.6% 2%
2022-06-28 11:50 PM May 2.9% 3.3% 3.5%


Related Last Previous Unit Reference
Retail Sales MoM 0.80 2.00 percent Apr 2022
Retail Sales YoY 2.90 0.70 percent Apr 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
2.90 0.70 36.50 -14.30 1971 - 2022 percent Monthly

News Stream
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
Japan Retail Sales Growth Tops Estimates
Retail sales in Japan rose by 0.9% yoy in March 2022, exceeding market consensus of a 0.4% and following revised 0.9% drop a month earlier. The latest reading marked the second growth in retail trade in the past three months as consumption recovered following an improvement in COVID-19 situation, with sales rebounding for both general merchandise (1.8% vs -1.7% in February) and others (1.4% vs -0.7%). In addition, sales of medicine & toiletries grew faster (4.1% vs 3.3%), while those of fuel continued to expand (15.2% vs 21%). At the same time, sales of food & beverages were flat after falling in the prior two months. Meantime, sales fell at a softer pace for fabric apparel & accessories (-0.6% vs -3.5%), motor vehicles (-6.6% vs -15.1%), and machinery & equipment (-3.4% vs -8.1%). On a monthly basis, retail sales increased 2.0% in March, the first growth in four months, after a revised 0.9% fall in February.
2022-04-27
Japan Retail Sales Drop More than Expected
Retail sales in Japan declined by 0.8% yoy in February 2022, compared with market consensus of a 0.3% drop and after a downwardly revised 1.1% rise a month earlier. This was the first decrease in retail trade since last September, as sales were down for most commodities, including general merchandise (-1.6% vs 5.6% in January), fabric apparel & accessories (-2.7% vs 3.8%), food & beverages (-0.6% vs -0.7%), motor vehicles (-14.8% vs -16.9%), machinery & equipment (-8.3% vs -4.4%), and others (-1% vs 4.3%). At the same time, sales grew at softer rates for both fuel (21.6% vs 22.8%) and medicine & toiletry (-3.2% vs 4.6%). On a monthly basis, retail sales dropped 0.8% in February, the third straight month of decrease, after a downwardly revised 0.9% fall in January.
2022-03-30