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

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.
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