- Retail sales in Japan rose by 6.3% Y/Y in January 2023, topping market forecasts of 4.0% and accelerating from a 3.8% growth a month earlier.
- This was the 11th straight month of increase in retail trade and the steepest pace since May 2021, as consumption strengthened further as the economy fully reopened following the removal of all pandemic restrictions.
- On a monthly basis, retail trade increased by 1.9% in January, the second consecutive month of rise, after a 1.1% gain in December.
- ETFs: JEQ , EWJ , DXJ , FXY .
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Japan retail sales jump 6.3% in January, beat estimates