Retail Trade in Japan

Ministerio de Economia Comercio e Industria · Monthly · Importance 2

0.5% (Jun-26) YOY · % · Mensual · CSV

About this indicator

Source	Ministry of Economy, Trade and Industry (METI) - Current Survey of Commerce
Frequency	Monthly
Release	Preliminar (sokuho) unos 25-30 dias despues del periodo de referencia (08:50 JST); confirmado (kakuho) unas 5-6 semanas despues
What it is	Measures the change in Japanese retail sales (department stores, supermarkets, convenience stores, electrical goods, chemists, car dealers and other outlets). Published by the Ministry of Economy, Trade and Industry (METI), it is one of Japan's most closely followed private-consumption gauges.
How it's calculated	A monthly survey of retail establishments. It reports the year-on-year change of the original series (with a linking coefficient to correct classification breaks) and the month-on-month change of the seasonally adjusted series (2020=100).
Market implications	A stronger-than-expected reading points to firm private consumption, the main driver of Japanese GDP, and tends to be bullish for the yen; a weak reading foreshadows soft household spending and reinforces the Bank of Japan's dovish leanings.
Limitations	It is volatile month to month (sensitive to weather, moving public holidays and energy prices) and is subject to revision between the preliminary and confirmed reports.