Japan's retail sales on the downside

Japan's retail sales dropped, having performed a sixth straight losing streak, amid the declination in sales of home appliances and clothing, thus not meeting the economists' estimations. Such a condition still exerts pressures on the nation's policymakers who are trying to find ways to boost the household spending.

Japan's retail sales fall

August's retail sales dropped 2.1%, from a year earlier, and were higher than the median estimations for a 1.8% yearly declination.

The Japanese nation resumes facing a gloomy short-term and long-term future amid the concerns of the weak data on household spending, factory output and exports, despite that the economy appreciated faster within the period April - June.

Moreover, the Japanese parliament will soon start working on a stimulus package in an attempt to support projects and boost domestic demand. The scheme is estimated to be around 7.5 trillion yen.

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