Japanese Retail Sales See 1.1% Growth

By FOREXYARD,  July 28, 2011, 09:23:00 AM EDT

printprofile

The Japanese Ministry of Economy, Trade and Industry (METI) published its latest findings on the island economy's change in retail sales since last month, presented in annualized format. The data revealed retail sales in Japan growing 1.1%, year-on-year, beating expectations for a 0.6% contraction.

The rise in consumer spending in Japan has been spurned by the steady strengthening felt in the value of the Japanese yen (JPY) versus its currency counterparts. Japanese citizens are carrying more buying power which has helped fuel their recovery from the damage wrought by the spring tsunami.

Read more forex trading news on our forex blog .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Bridge Collapses in Washington State
Bridge Collapses in Washington Stat...
Interstate 5 Bridge Collapses in Washington State
Interstate 5 Bridge Collapses in Wa...
29 New Jersey Bars Accused of Fraudulent Booze Sales
29 New Jersey Bars Accused of Fraud...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%