Japan's retail sales surge in March

Source: BBC News
© Scanpix/Reuters
Japanese retail sales climbed in March of this year, showeing the fastest pace of increase in 17 years, while customers tried to make more purchases ahead of surge in sales tax in April. The total volume of sales added 11% on the annual basis. As expected, the advance in retail sales may also increase inflation level. The country raised the sales tax from 5% to 8% from the beginning of April.
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