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Japan JPY

Japan Retail Sales YoY

Impact:
Medium

Latest Release:

Date:
Surprise:
-0.4%
| JPY
Actual:
3.1%
Forecast: 3.5%
Previous/Revision:
1.3%
Period: Mar

Next Release:

Date:
Forecast: 3.1%
Period: Apr
What Does It Measure?
Japan's Retail Sales YoY (Year-over-Year) measures the change in the total value of sales reported by the retail sector in Japan, specifically assessing consumer spending trends on goods within a defined period compared to the same period in the previous year. This indicator primarily focuses on domestic consumption, reflecting trends in production, inflation, and employment as it gauges consumer demand and purchasing behavior.
Frequency
The Retail Sales YoY data is released on a monthly basis, with the figures typically published in the first week of the following month; it is considered a preliminary estimate and may be subject to revisions.
Why Do Traders Care?
Traders closely monitor Japan's Retail Sales YoY because it provides insight into consumer spending trends, which are vital for assessing economic growth and the overall health of the Japanese economy; stronger sales figures generally indicate robust economic activity. Consequently, higher-than-expected results can be bullish for the Japanese Yen, while weaker figures may negatively affect currency and stock market sentiment.
What Is It Derived From?
The Retail Sales YoY figure is derived from a survey of retail businesses, which includes a diverse range of respondents such as department stores, supermarkets, and other retail outlets. This data is aggregated to provide an overall picture of retail sales performance, leveraging weighted averages to account for differences in size and sales volumes across various sectors.
Description
The Retail Sales YoY figure compares the total sales value of the current month against the same month of the previous year, eliminating seasonal fluctuations and highlighting longer-term trends in consumer spending. This measure assists analysts in deriving insights on inflationary pressures and potential shifts in consumer preferences, as it reflects broader economic conditions.
Additional Notes
Retail Sales YoY serves as a coincident economic indicator, meaning it reflects the current state of the economy, and is often compared against other indicators such as GDP growth rates and employment statistics. It is also analyzed in conjunction with related reports like the Consumer Price Index (CPI) to provide a comprehensive view of inflationary tendencies and consumer confidence.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for JPY, Bullish for Stocks. Lower than expected: Bearish for JPY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
3.1%
3.5%
1.3%
-0.4%
1.4%
2%
4.4%
-0.6%
3.9%
4%
3.5%
-0.1%
3.7%
3.2%
2.8%
0.5%
2.8%
1.7%
1.3%
1.1%
1.6%
2.2%
0.7%
-0.6%
0.5%
2.3%
3.1%
-1.8%
2.8%
2.3%
2.7%
0.5%
2.6%
2.9%
3.8%
-0.3%
3.7%
3.3%
2.8%
0.4%
3%
2%
2%
1%
2.4%
1.9%
1.1%
0.5%
1.2%
2.5%
4.7%
-1.3%
4.6%
3%
2.1%
1.6%
2.3%
2.3%
2.4%
2.1%
4.7%
5.4%
-2.6%
5.3%
5%
4.1%
0.3%
4.2%
5.9%
6.2%
-1.7%
5.8%
5.9%
7%
-0.1%
7%
6.6%
7%
0.4%
6.8%
5.4%
5.6%
1.4%
5.9%
5.9%
5.8%
5.7%
5.4%
5.1%
0.3%
5%
7%
6.9%
-2%
7.2%
5.8%
7.3%
1.4%
6.6%
5.8%
5%
0.8%
6.3%
4%
3.8%
2.3%
3.8%
3%
2.5%
0.8%
2.6%
3.7%
4.4%
-1.1%
4.3%
5%
4.8%
-0.7%
4.5%
4.1%
4.1%
0.4%
4.1%
2.8%
2.4%
1.3%
2.4%
1.9%
1.5%
0.5%
1.5%
2.8%
3.7%
-1.3%
3.6%
3.3%
3.1%
0.3%
2.9%
2.6%
0.7%
0.3%
0.9%
0.4%
-0.9%
0.5%
-0.8%
-0.3%
1.1%
-0.5%
1.6%
1.4%
1.2%
0.2%
1.4%
2.7%
1.9%
-1.3%
1.9%
1.7%
0.9%
0.2%
0.9%
1.1%
-0.5%
-0.2%
-0.6%
-2.3%
-3.2%
1.7%
-3.2%
-1%
2.4%
-2.2%
2.4%
2.1%
0.1%
0.3%
0.1%
0.2%
8.3%
-0.1%
8.2%
7.9%
11.9%
0.3%
12%
15.3%
5.2%
-3.3%
5.2%
4.7%
-1.5%
0.5%
-1.5%
-2.8%
-2.4%
1.3%
-2.4%
-2.6%
-0.2%
0.2%
-0.3%
-0.4%
0.6%
0.1%
0.7%
1.7%
6.4%
-1%
6.4%
-8.5%
-8.7%
14.9%
-8.7%
-7.7%
-1.9%
-1%
-1.9%
-3.5%
-2.9%
1.6%
-2.8%
-1.7%
3.9%
-1.1%
-1.2%
-6.5%
-12.5%
5.3%
-12.3%
-11.6%
-13.9%
-0.7%
-13.7%
-11.5%
-4.7%
-2.2%
-4.6%
-4.7%
1.6%
0.1%
1.7%
-1.2%
-0.4%
2.9%
-0.4%
-1.1%
-2.6%
0.7%
-2.6%
-1.8%
-2.1%
-0.8%
-2.1%
-1.7%
-7%
-0.4%
-7.1%
-4.4%
9.2%
-2.7%
9.1%
6.9%
1.8%
2.2%
2%
0.9%
-2%
1.1%
-2%
-0.8%
0.5%
-1.2%
0.5%
0.2%
1.3%
0.3%
1.2%
1.2%
0.4%
0.5%
0.8%
1%
-0.3%
1%
0.8%
0.6%
0.2%
0.4%
1.2%
0.6%
-0.8%
0.6%
1.1%
1.3%
-0.5%
1.3%
0.8%
1.4%
0.5%
1.4%
2.2%
3.6%
-0.8%
3.5%
2.6%
2.2%
0.9%
2.1%
1.6%
2.7%
0.5%
2.7%
2.1%
1.5%
0.6%
1.5%
1.2%
1.7%
0.3%
1.8%
1.6%
0.6%
0.2%
0.6%
1.3%
1.5%
-0.7%
1.6%
1%
1%
0.6%
1%
1.7%
1.7%
-0.7%
1.6%
1.7%
1.5%
-0.1%
1.6%
2.1%
3.6%
-0.5%
3.6%
2.1%
2.1%
1.5%
2.2%
1.2%
-0.2%
1%
-0.2%
-0.2%
2.3%
2.2%
2.5%
1.8%
-0.3%
1.7%
2.6%
1.8%
-0.9%
1.9%
1%
2.2%
0.9%
2.1%
2.3%
2.1%
-0.2%
2%
2.6%
3.2%
-0.6%
3.2%
2.3%
2.1%
0.9%
2.1%
1.5%
0.1%
0.6%
0.1%
0.5%
1%
-0.4%
1%
0.9%
0.7%
0.1%
0.6%
1.3%
1.7%
-0.7%
1.7%
0.9%
-0.2%
0.8%
-0.1%
-1.2%
-1.7%
1.1%
-1.9%
-1.8%
-2.2%
-0.1%
-2.1%
-1.8%
-0.2%
-0.3%
-0.2%
-0.9%
-1.3%
0.7%
-1.4%
-1.5%
-2.1%
0.1%
-1.9%
-1.6%
-0.9%
-0.3%
-0.8%
-1.2%
-1%
0.4%
-1.1%
-1.5%
0.4%
0.4%
0.5%
1.7%
-0.2%
-1.2%
-0.1%
0.5%
-1.1%
-0.6%
-1.1%
-0.1%
-1.1%
-1%
-1%
0.42%
1.8%
-1.42%
1.8%
0.8%
-0.1%
1%
-0.2%
0.4%
0.8%
-0.6%
0.8%
1.1%
1.8%
-0.3%
1.6%
1.1%
1%
0.5%
0.9%
0.5%
3%
0.4%
3%
2.3%
4.9%
0.7%
5%
5.4%
-9.7%
-0.4%