Economic Buzz: Japan Retail Sales Advance 0.4% In February

Japan total value of retail sales advanced a seasonally adjusted 0.4 percent on month in February, the Ministry of Economy, Trade and Industry said on Thursday following the upwardly revised 1.6 percent contraction in January (originally -1.8 percent.). On a yearly basis, retail sales gained 1.6 percent, short of forecasts for 1.7 percent following the downwardly revised 1.56 percent gain a month earlier (originally 1.6 percent).