The country’s government has informed that in May 2016 retail sales in Japan showed reduction. Experts remind that reduction of sales is characteristic of three last months.
Analysts’ Predictions Fail
The ministry of economy, trade, and industry of the country has published statistical data, according to which dynamics of drop of retail sales in Japan speeded up this May and reached 1.9% per annum versus its April decline by 0.9%. Analysts expected the sales to drop by 1.6%.
Low expenses in Japanese households restrains one third of the world’s economy.
Rather low expenses in Japanese households, observed during previous quarters is one of restraining factors for the world’s third largest economy. Experts, in their turn, suppose that negative consequences of long-term rise of interest rate for sales tax since 2014 also bears negative impact.
Falling Dynamics of Sales Continues for Large Retail Enterprises
According to statistical data from the ministry, this May the volume of retail sales of clothes and home electronics has dropped. Retail sale of fuel has also shown negative dynamics for the same accounting period because of lower prices.
Large retail enterprises have registered a 2.2% annual drop of sales for the accounting period, taking into account the change the number of sales poits in Japan. The ministry has been reporting negative dynamics of this factor for already three months in a row.
“Today, on June 05, exchange rate of yen continues being traded within correction to long-term downtrend, directed at strengthening against US dollar,” highlight experts of Masterforex-V Trading System . Yen is within probable sub-wave b(С) of a downtrend. When minimum 98.95 is broken, there is expected a strong descending movement, support to which will be provided by levels 98.66, 97.91/50, and 95.94/64. And resistance is provided by pivot MF 106.83 and descending sloping channel MF.
