Retail sales in Japan have risen for the first time since the earthquake and tsunami hit the country in March.
According to the latest official data, retail sales rose 1.1% in June from a year earlier, indicating that the economy is beginning to recover.
The rise comes after three successive months of falling sales as consumers stayed away from shops in wake of the devastation caused.
Compared with the previous month, retail sales rose by 2.9%.
Analysts said the data indicated that things were starting to return to normal in Japan.
“You should expect a bounce back to where things were before the earthquake and tsunami struck,” said Richard Jerram of Bank of Singapore.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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