Japan Retail Sales Drop as Tokyo Prices Fall Most Since 2010
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Japanese retail sales resumed falling and Tokyo consumer prices slid the most in a decade amid slumping energy costs and record virus cases that kept shoppers home and darken the recovery outlook.
Retail sales fell 2% in November from the prior month, as consumers continued to cut back on apparel purchases, the economy ministry reported Friday. Analysts had forecast an 0.8% decrease. The government kept its assessment that sales are basically flat.