{"id":49547,"date":"2017-10-30T05:04:36","date_gmt":"2017-10-30T05:04:36","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=49547"},"modified":"2017-10-30T05:04:36","modified_gmt":"2017-10-30T05:04:36","slug":"japans-retail-sales-show-strength-consumer-spending","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/japans-retail-sales-show-strength-consumer-spending.html","title":{"rendered":"Japans retail sales show strength in consumer spending"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 14pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Japans retail sales show strength in consumer spending<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">Japans retail sales show strength in consumer spending: The 2.2 percent annual increase in retail sales in September was less than the median estimate for a 2.5 percent annual increase and follows a revised 1.8 percent annual increase in August.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">Strong consumer spending makes it more likely that consumer prices will accelerate in the future, which supports the Bank of Japan\u2019s argument that it can afford to keep its monetary easing unchanged as inflationary pressure gradually builds up.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">\u201cConsumption in July-September is likely to be a little bit weaker than the previous quarter, but the outlook remains healthy,\u201d said Shuji Tonouchi, senior market economist at Mitsubishi UFJ Morgan Stanley Securities.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">\u201cConsumer spending is still in moderate recovery. The labor market will support spending in the future.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">Spending on clothes rose 5.0 percent in September from a year ago, the fastest increase in three months, data from the trade ministry showed on Monday. Spending on daily goods like soap and shampoo rose an annual 1.2 percent, versus a 0.4 percent annual decline in the previous month.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">The BOJ is expected to signal that it will hold off on expanding stimulus for the time being at a policy meeting ending on Tuesday.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">The policy meeting comes after Prime Minister Shinzo Abe\u2019s victory in a lower house election, which heightened expectations the BOJ\u2019s ultra-loose policy &#8211; a key pillar of his \u201cAbenomics\u201d stimulus policies &#8211; will continue.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 12pt;color: #000000\">Core consumer prices rose 0.7 percent in September from a year ago, which is distant from the BOJ\u2019s 2 percent inflation target, although the central bank argues that consumer prices will eventually pick up because of the tight labor market and wage growth, albeit slow.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source:https:\/\/www.reuters.com\/article\/us-japan-economy-retail\/japans-retail-sales-show-strength-in-consumer-spending-idUSKBN1CZ00Z<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/japans-retail-sales-show-strength-consumer-spending.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Japans retail sales show strength in consumer spending Japans retail sales show strength in consumer spending: The 2.2 percent annual increase in retail sales in September was less than the median estimate for a 2.5 percent annual increase and follows a revised 1.8 percent annual increase in August. Strong consumer [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":49560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[88001,30039,30037,30036],"class_list":["post-49547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-japans-retail-sales-show-strength-in-consumer-spending","tag-latest-business-updates-usa-news","tag-usa-business-and-regional-news","tag-usa-latest-business-and-regional-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/49547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=49547"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/49547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/49560"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=49547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=49547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=49547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}