Forex News – Japanese retail sales rose sharply in March ahead of sales tax hike
Posted on April 28, 2014 at 12:26 pm GMTRetail sales data from Japan showed an increase of 11 percent in March on a year-on-year basis, compared to the same month a year ago. While the figure was in line with forecasts, it was the fastest pace of increase in 17 years, since March 1997. Sales volumes jumped as a result of Japanese consumers increasing their shopping before the April 1st national sales tax hike. Sales figures for April are expected to decline in the immediate aftermath of the [..]