There we go

Now you can rest easy

From the Japan Department Stores Association:

  • third straight y/y rise after +1.7% in December and +2.4% in November
  • highest growth since +7.2% in June 2013, reflecting generally improving consumer confidence.

The wealth effect and high demand ahead of the April sales tax hike boosted overall sales while lower temperatures pushed up demand for winter clothing and other seasonal goods.

USDJPY 102.18