, Japan

Japan retail sales suffer biggest decline in 11 months

-1.2% yoy dip worse than expected.

According to BBVA, Japan's retail sales weakness in October was led by tepid motor vehicles sales, which fell by -3.5% y/y after a subsidy program for the purchase of fuel-efficient vehicles ended in late September. Meanwhile sales of machinery and equipment dropped by -5.8% y/y as purchases of flat-panel televisions fell.

"We expect Japan’s economy will remain under pressure in the coming months, though a recent weakening trend in the yen may help exporters," said BBVA.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.