Japan Mar Retail Sales YoY +1.7%, Beat Est.
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Japan's retail sales in March increased by 1.7% year-on-year, surpassing expectations of a 1% rise, according to the Ministry of Economy, Trade and Industry. The previous reading was revised to a decline of 0.1%. On a month-on-month basis, retail sales rose by 1.3%, exceeding the anticipated 0.6% gain, with the prior reading showing a 2% drop.
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