Japan's Sept retail sales fall for seventh straight month


Retail sales fell 8.7% in September from a year earlier, government data showed on Thursday, a bigger fall than a median market forecast for a 7.7% drop.

TOKYO: Japanese retail sales fell for the seventh straight month in September as the coronavirus pandemic kept a lid on consumers' shopping appetite, underscoring the fragile economic recovery from this year's slump.

As the adverse impact from the health crisis remains deep, Japanese Prime Minister Yoshihide Suga will announce next week a plan for fresh stimulus to help the recession-stricken economy, sources have told Reuters. [nL4N2HJ19Z ]

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