Japan retail sales rose for a third consecutive month in May, up 1.9% MoM and 5.3% YoY, driven by wage gains and STATE AID that have eased household costs pressures. Despite growing concern the Iran war could lift prices, consumers demand remains fir

2026-06-29

Japan retail sales rose for a third consecutive month in May, up 1.9% MoM and 5.3% YoY, driven by wage gains and STATE AID that have eased household costs pressures. Despite growing concern the Iran war could lift prices, consumers demand remains firm as wage growth has long outpaced inf and subsidies from Prime Minister Sanae Takaichi is helping households sustain spending.