Retail Trade s.a (MoM)

The Retail Trade data, released by the Ministry of Economy, Trade and Industry on a monthly basis, measures the total value of goods sold by retailers in Japan. Changes in Retail Sales are widely followed as an indicator of consumer spending. Percent changes reflect the rate of changes in such sales, with the MoM reading comparing sales values in the reference month with the previous month. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish.