Japan's retail sales drop 2.3% in February

Japan's retail sales tumbled more than forecast in February mainly caused by a 3.7% fall of large-scale store sales, a data revealed by the Ministry of Economy, Trade and Industry showed on Thursday. The data said that retail sales dropped 2.3% on an annual basis in February recording 10.525 trillion yen, while on a sequential basis it added 1.6% on the month.