Retail in Asia

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Japan retail sales up 4.2pc, biggest rise since ’97

Japanese retail sales gained at their fastest pace in more than a decade in February as the economic recovery spread to households, the Ministry of Economy, Trade and Industry (METI) said on Monday.

Sales rose 4.2 percent from a year earlier, METI reported, the biggest monthly jump since 1997. The median estimate of 12 economists surveyed was for a 1.6 percent climb.