Retail sales in Japan increased by 5% year-on-year in April 2023, slowing from a revised 6.9% gain in March and missing expectations for a 7% growth. Still, it was the 14th consecutive month of expansion in retail trade as consumption in the country continued to recover from the pandemic slump. Looking at retailers by industry, automobile retail increased by 15.1%, followed by other retail industries (8.7%), drug & cosmetic retailers (7%), department stores (6.9%), food retailers (6.6%) and non-store retailers (0.2%). Meanwhile, machinery & equipment retail decreased by 6.9%, fuel retail dropped 3.3% and clothing & personal goods declined 1.3%. On a monthly basis, retail sales dropped 1.2%, the first contraction in five months. source: Ministry of Economy Trade & Industry (METI)

Retail Sales YoY in Japan averaged 4.26 percent from 1971 until 2023, 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 2023.

Retail Sales YoY in Japan is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Retail Sales



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 11:50 PM Mar 7.2% 7.3% 5.8% 4.4%
2023-05-30 11:50 PM Apr 5% 6.9% 7% 6.5%
2023-06-28 11:50 PM May


Related Last Previous Unit Reference
Retail Sales MoM -1.20 0.30 percent Apr 2023
Retail Sales YoY 5.00 6.90 percent Apr 2023

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
5.00 6.90 36.50 -14.30 1971 - 2023 percent Monthly
Current Prices, NSA

News Stream
Japan Retail Sales Growth Misses Forecast
Retail sales in Japan increased by 5% year-on-year in April 2023, slowing from a revised 6.9% gain in March and missing expectations for a 7% growth. Still, it was the 14th consecutive month of expansion in retail trade as consumption in the country continued to recover from the pandemic slump. Looking at retailers by industry, automobile retail increased by 15.1%, followed by other retail industries (8.7%), drug & cosmetic retailers (7%), department stores (6.9%), food retailers (6.6%) and non-store retailers (0.2%). Meanwhile, machinery & equipment retail decreased by 6.9%, fuel retail dropped 3.3% and clothing & personal goods declined 1.3%. On a monthly basis, retail sales dropped 1.2%, the first contraction in five months.
2023-05-31
Japan Retail Sales Grow More than Expected
Retail sales in Japan increased by 7.2% from a year earlier in March 2023, topping market forecasts of 5.8% and following an upwardly revised 7.3% rise in the prior month. It was the 13th consecutive period of growth in retail trade as consumption recovered further from the pandemic slump. Looking at retailers by industry, automobiles advanced by 21%, followed by other retailers (16.7%), pharmaceutical & cosmetic retailers (10.3%), various product retailers (5.4%), food & beverages (5.1%0, and textiles and clothing (1.9%). On the other hand, there were falls in machinery and equipment (-4.3%), fuel (-3.2%), and non-store small businesses (-0.3%). On a monthly basis, retail sales gained 0.6%, the fourth straight expansion, after an upwardly revised 2.1% in February.
2023-04-28
Japan Retail Sales Grow More Than Expected
Retail sales in Japan increased by 6.6% YoY in February 2023 accelerating from a revised 5% growth in January and exceeding market expectations of 5.8%. This was the 12th consecutive month of growth in retail trade and the steepest pace since May 2021, as domestic consumption continued to recover from the pandemic slump. Retail sales growth accelerated the most for motor vehicles (15.3%), general merchandise (10.3%), fabric apparel & accessories (9.9%), medicine & toiletry stores (9.2%) and others (8.9%). Meanwhile, retail trade for fuel declined by 0.2%. On a monthly basis, retail sales decreased 4.4% in February, reversing from a 1.9% gain in January.
2023-03-31