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Japan’s Retail Sales Beat Estimates as Shoppers Defy Virus Fears

  • Data signals consumption may have held up better than thought
  • Sales rose at fastest quarterly pace in a year despite virus
Shoppers in Ueno Ahead of Consumer Spending Figures
Photographer: Kentaro Takahashi/Bloomberg
Updated on

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Japan’s retail sales regained ground in September following a sharp drop the month before, an indication that shoppers felt more comfortable spending as virus infections started to fall from August’s peak.