Retail in Asia

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Japan Oct retail sales up 1.8pc yoy

Japan’s industrial output rose for a second straight month in October and retail sales grew much faster than expected – a tentative sign of the economy’s recovery from a recession.

The latest indicator should ease concern among policymakers after data last week showed weakness in household spending and consumer inflation, which have kept pressure on the Bank of Japan to top up its already massive stimulus.

Retail sales rose 1.8 percent in the year to October, more than a 0.8 percent annual gain expected, on sales of clothes, food and drink, cars and home appliances.

(Source: CNBC)