Japan April Retail Trade +0.7% m/m (s.a.) (vs. +0.2% expected)

• Prior was -1.5% (revised from -1.4%)

For the y/y result, comes in at -0.1%

• Prior was -0.3%
• Expected was -0.4%

better than expected result for retail sales, this will be encouraging for the BOJ and their strategy.