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Japan Retail Sales Contract 4.1% In August

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Japan Retail Sales Contract 4.1% In August

The value of retail sales in Japan was down a seasonally adjusted 4.1 percent on month in August, the Ministry of Economy, Trade and Industry said on Thursday.

That missed expectations for a decline of 2.0 percent following the 1.0 percent gain in July.

On a yearly basis, retail sales dropped 3.2 percent – also shy of expectations for a fall of 1.0 percent after rising 2.4 percent in the previous month.

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