(Bloomberg) -- Japan’s retail sales rebounded in June, recovering from a sharp drop in May and offering a sign of improved consumption in the second quarter.
Key Takeaways
Retail sales have largely recovered from a weak first quarter, despite a sharp drop in May. Still, tepid wage gains mean Japanese shoppers remain reluctant to really ramp up spending. That leaves Japan’s economic recovery still reliant on exports at a time when the trade outlook looks increasingly cloudy, with the U.S. considering tariffs on car imports.
