The Traderszone Network

Published in TZ Latest News 27 October, 2014 by The TZ Newswire Staff

Japan retail sales growth accelerates, offering signs of recovery

Japanese retail sales growth accelerated for the third straight month in September in an encouraging sign that consumer spending could be strong enough to absorb a second sales tax increase scheduled for next year. Consumer spending has disappointed since the government raised the sales tax once in April, so evidence that a durable turnaround is imminent could make it easier for Tokyo to go ahead with a second hike in the tax to boost revenue for welfare spending.

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