5/29, 1:50 AM (Source: TeleTrader)
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Japanese retail sales plunge 13.7% in April

Japanese retail sales dropped 13.7% in April compared to the same month a year ago, a report released by the country's Ministry of Economy, Trade, and Industry on Friday showed.

The larger-than-expected drop came amid nationwide lockdowns due to the coronavirus outbreak and marks the biggest annual drop since March 1998.

On a monthly, seasonally adjusted basis, retail sales were down 9.6%

Breaking the News / NP