Retail in Asia

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Japan retail sales boosted by surge in demand for cars

Japan’s retail sales rose more-than-expected in January driven up by a surge in car sales as government subsidies on energy efficient cars boosted demand.

Retail sales rose 1.9 percent from a year earlier, with car sales up by 24 percent.

The jump comes after Japan reintroduced subsidies of up to JPY100,000 (USD1245) per car to encourage sales. 

(Source: BBC News )