World Economy
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Japan Retail Sales Up

Japan Retail Sales UpJapan Retail Sales Up

Japanese retail sales rose the most in four months, a sign the economy is shaking off a blow from a sales-tax increase in April as Prime Minister Shinzo Abe weighs another bump in the levy, Bloomberg said. Sales climbed 2.7% in September from August when they rose 1.9%, the trade ministry said Tuesday in Tokyo. For the third quarter, sales were up 1.4% from a year earlier after a 1.8% drop in the second quarter. The stronger sales could bolster proponents of a further rise in the levy, as debate heats up over whether the world’s third-biggest economy can bear the burden.

Financialtribune.com