Retail sales in Japan dropped as tax increases

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Source: http://www.bloomberg.com/
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Retail sales in Japan fell with the fastest speed in more than 14 years as first consumption-tax was increased in April 1. Japan's retail sales in April dropped 13.7% from the month earlier, the biggest monthly decrease since 1997. Sales in April declined 4.4% from a previous year with falls in all trading sectors including clothing, food and beverages, autos.
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