Japanese retail sales drop the most in 11 months, falling 1.2% Y/Y in October vs +0.4% in...

|By:, SA News Editor

Japanese retail sales drop the most in 11 months, falling 1.2% Y/Y in October vs +0.4% in September and vs consensus of -0.8%. On month, sales +0.7%. Car sales -3.5% following the ending of a government program to subsidize the purchase of fuel-efficient vehicles, while sales of flat-panel TVs also fall.