Japan JPY

Japan Retail Sales MoM

Info

History

Chart

Impact:

Low

Source: Ministry of Economy Trade & Industry (METI)

Latest Release:

Date:

Surprise:

-0.6%

Actual:

-0.2%

Forecast: 0.4%

Previous/Revision:

0.7%

Period: May

Next Release:

Date:

Forecast: 0%

Period: Jun

What Does It Measure?

Japan's Retail Sales MoM measures the total receipts of retail stores, providing critical insights into consumer spending and overall economic health. This indicator focuses primarily on consumer behavior, assessing spending patterns during a specific month and serves as a key component for evaluating employment levels and inflation trends.

Frequency

The Retail Sales MoM report is released on a monthly basis, typically published around the end of the following month, providing a preliminary estimate that may be subject to revisions in future releases.

Why Do Traders Care?

Traders closely monitor Japan's Retail Sales MoM as it reflects consumer confidence and spending strength, which can significantly impact financial markets. Higher-than-expected results generally signal robust economic activity, positively influencing the Japanese yen (JPY) and equities, while disappointing sales figures can lead to bearish sentiments for both.

What Is It Derived From?

The Retail Sales MoM figure is derived from a survey of a representative sample of retail establishments, utilizing a comprehensive methodology that captures various consumer goods and services. The data collection includes different types of retailers to ensure a broad representation of overall consumer spending habits.

Description

Preliminary reports of Japan's Retail Sales MoM are based on early estimates and are subject to adjustments, while final figures reflect a complete assessment of the month’s retail performance. The measure utilizes a Month-over-Month (MoM) reporting technique, allowing traders to identify short-term changes in consumer spending, which is particularly relevant for making immediate economic forecasts and assessments.

Additional Notes

The Retail Sales MoM indicator is considered a coincident economic measure, providing real-time insights into the current state of consumer spending. It also relates closely to other economic indicators, like GDP growth and employment statistics, further underpinning its relevance in evaluating broader economic trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for JPY, Bullish 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	Actual	Forecast	Previous	Surprise
Jun 26, 2025	-0.2%	0.4%	0.7%	-0.6%
May 29, 2025	0.5%	-0.3%	-1.2%	0.8%
Apr 29, 2025	-1.2%	-0.2%	0.4%	-1%
Mar 30, 2025	0.5%	0.1%	1.2%	0.4%
Feb 27, 2025	0.5%	0.3%	-0.8%	0.2%
Jan 30, 2025	-0.7%	0.1%	1.9%	-0.8%
Dec 26, 2024	1.8%	0.3%	-0.2%	1.5%
Nov 28, 2024	0.1%	1.7%	-2.3%	-1.6%
Oct 30, 2024	-2.3%		1%
Sep 29, 2024	0.8%	0.3%	0.2%	0.5%
Aug 29, 2024	0.2%	0.3%	0.6%	-0.1%
Jul 30, 2024	0.6%	0.4%	1.7%	0.2%
Jun 26, 2024	1.7%	-0.5%	1.2%	2.2%
May 30, 2024	1.2%	0.6%	-1.2%	0.6%
Apr 29, 2024	-1.2%	0.6%	1.5%	-1.8%
Mar 28, 2024	1.5%	0.4%	0.2%	1.1%
Feb 28, 2024	0.8%	0.6%	-2.9%	0.2%
Jan 30, 2024	-2.9%	0.5%	1%	-3.4%
Dec 27, 2023	1%	0.3%	-1.6%	0.7%
Nov 29, 2023	-1.6%	0.1%	-0.1%	-1.7%
Oct 30, 2023	-0.1%	-0.1%	0.2%
Sep 28, 2023	0.1%	0.4%	2.2%	-0.3%
Aug 30, 2023	2.1%	-0.1%	-0.4%	2.2%
Jul 30, 2023	-0.4%	0.8%	1.4%	-1.2%
Jun 28, 2023	1.3%	0.7%	-1.1%	0.6%
May 30, 2023	-1.2%	0.4%	0.6%	-1.6%
Apr 27, 2023	0.6%	-0.6%	2.1%	1.2%
Mar 30, 2023	-4.4%	0.9%	1.9%	-5.3%
Feb 27, 2023	1.9%	0.3%	1.1%	1.6%
Jan 30, 2023	1.1%	0.6%	-1.3%	0.5%
Dec 26, 2022	-1.1%	0.4%	0.3%	-1.5%
Nov 28, 2022	0.2%	0.7%	1.5%	-0.5%
Oct 30, 2022	1.1%	0.8%	1.3%	0.3%
Sep 29, 2022	1.4%	0.6%	0.7%	0.8%
Aug 30, 2022	0.8%	0.5%	-1.3%	0.3%
Jul 28, 2022	-1.4%	0.2%	0.7%	-1.6%
Jun 28, 2022	0.6%	0.4%	1%	0.2%
May 30, 2022	0.8%	0.5%	1.7%	0.3%
Apr 27, 2022	2%	0.6%	-0.9%	1.4%
Mar 29, 2022	-0.8%	-1%	-0.9%	0.2%
Feb 27, 2022	-1.9%	0.2%	-1.2%	-2.1%
Jan 30, 2022	-1%	0.9%	1.3%	-1.9%
Dec 26, 2021	1.2%	0.6%	1%	0.6%
Nov 28, 2021	1.1%	-1.6%	2.8%	2.7%
Oct 27, 2021	2.7%	1%	-4%	1.7%
Sep 29, 2021	-4.1%	-0.3%	1%	-3.8%
Aug 29, 2021	1%	-2.1%	3.1%	3.1%
Jul 29, 2021	3.1%	-3.6%	-0.3%	6.7%
Jun 28, 2021	-0.4%	1.9%	-4.6%	-2.3%
May 30, 2021	-4.5%	1.5%	1.2%	-6%
Apr 27, 2021	1.2%	0.9%	3.1%	0.3%
Mar 29, 2021	3.1%	0.2%	-1.7%	2.9%
Feb 25, 2021	-0.5%	-0.3%	-0.7%	-0.2%
Jan 27, 2021	-0.8%	0.5%	-2%	-1.3%
Dec 24, 2020	-2%	-2.6%	0.5%	0.6%
Nov 29, 2020	0.4%	-0.1%	-0.1%	0.5%
Oct 28, 2020	-0.1%	1.5%	4.6%	-1.6%
Sep 29, 2020	4.6%	0.2%	-3.4%	4.4%
Aug 30, 2020	-3.3%	2%	13.1%	-5.3%
Jul 29, 2020	13.1%	-3%	1.9%	16.1%
Jun 28, 2020	2.1%	5.6%	-9.9%	-3.5%
May 28, 2020	-9.6%	-8.2%	-4.6%	-1.4%
Apr 29, 2020	-4.5%	-3.7%	0.5%	-0.8%
Mar 30, 2020	0.6%	-0.9%	1.5%	1.5%
Feb 27, 2020	0.6%	2.4%	0.2%	-1.8%
Jan 30, 2020	0.2%	-4.5%	4.5%	4.7%
Dec 26, 2019	4.5%	4.6%	-14.2%	-0.1%
Nov 27, 2019	-14.4%	0%	7.2%	-14.4%
Oct 29, 2019	7.1%	-0.2%	4.6%	7.3%
Sep 29, 2019	4.8%	0%	-2.3%	4.8%
Aug 29, 2019	-2.3%	0.1%	0%	-2.4%
Jul 28, 2019	0%	0.8%	0.4%	-0.8%
Jun 26, 2019	0.3%	-0.6%	-0.1%	0.9%
May 30, 2019	0%	0.2%	0.2%	-0.2%
Apr 25, 2019	0.2%	-0.2%	0.4%	0.4%
Mar 28, 2019	0.2%	0.3%	-2.3%	-0.1%
Feb 27, 2019	-2.3%	-1%	0.9%	-1.3%
Jan 29, 2019	0.9%	0.4%	-1.1%	0.5%
Dec 27, 2018	-1%	0.2%	1.3%	-1.2%
Nov 28, 2018	1.2%	-0.5%	-0.2%	1.7%
Oct 28, 2018	-0.2%	1.2%	0.9%	-1.4%
Sep 27, 2018	0.9%	-0.1%	0.1%	1%
Aug 29, 2018	0.1%	-0.3%	1.5%	0.4%
Jul 29, 2018	1.5%	0.1%	-1.7%	1.4%
Jun 27, 2018	-1.7%	-0.9%	1.3%	-0.8%
May 29, 2018	1.4%	0%	-0.7%	1.4%
Apr 26, 2018	-0.7%	0%	0.5%	-0.7%
Mar 28, 2018	0.4%	0.6%	-1.6%	-0.2%
Feb 27, 2018	-1.8%	-0.6%	0.9%	-1.2%
Jan 29, 2018	0.9%	0.1%	1.9%	0.8%
Dec 27, 2017	1.9%	0%	-0.1%	1.9%
Nov 28, 2017	0%	0.2%	0.8%	-0.2%
Oct 29, 2017	0.8%	0.3%	-1.6%	0.5%
Sep 28, 2017	-1.7%	-0.8%	1.1%	-0.9%
Aug 29, 2017	1.1%	0.2%	0.2%	0.9%
Jul 27, 2017	0.2%	0.6%	-1.5%	-0.4%
Jun 28, 2017	-1.6%	-0.5%	1.4%	-1.1%
May 29, 2017	1.4%	0.1%	0.2%	1.3%
Apr 27, 2017	0.2%	0.1%	0.2%	0.1%
Mar 28, 2017	0.2%	0.1%	0.2%	0.1%
Feb 27, 2017	0.5%	0.8%	-1.6%	-0.3%
Jan 29, 2017	-1.7%	0.3%	0.2%	-2%
Dec 27, 2016	0.2%	-1.4%	2.5%	1.6%
Nov 28, 2016	2.5%	0.1%	0.3%	2.4%
Oct 30, 2016	0%	0.13%	-1.1%	-0.13%
Sep 28, 2016	-1.1%	-0.8%	1.5%	-0.3%