December Sees a Slight Decline in Japan's Retail Sector

According to the latest report from the Ministry of Economy, Trade and Industry, Japan experienced a 0.7% decrease in retail trade in December, with the total sales value reaching ¥16.1 trillion (~$104.4 billion). This marks a slight downturn from the previous month, sparking discussions on the potential signs of an economic slowdown.

Year-on-Year Growth Despite Monthly Decline

Despite the monthly decline, the annual figures tell a different story. The sales value saw a 3.7% increase compared to the previous year, with the total value of commercial sales hitting ¥57.2 trillion. This growth is attributed to a 3.6% increase in the volume of goods sold compared to December 2023, showcasing the resilience of Japan's retail sector over the year.

Wholesale Industry Shows Steady Growth

In contrast to the retail sector, the wholesale industry in Japan demonstrated steady growth. The seasonally adjusted value of sales reached ¥41 trillion, marking a 3.5% increase from the previous year. This growth highlights the ongoing strength and stability within Japan's wholesale markets, even as the retail sector faces challenges.