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Japan retail sales rise for 11th straight month

  • Retail sales rise 0.8 percent m/m in September
  • Retail sales rise 2.2 percent y/y vs. forecast of 2.5 percent

Japanese retail sales rose for 11th straight month in September, contradicting the Bank of Japan's (BOJ) last policy statement, which said that the growth in domestic demand would "likely remain moderate."

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