Save Japan Retail Sales
Ministry of Economy, Trade and Industry releases monthly an important indicator for private consumption: ratail sales. Consumption accounts for 60% of Japanese GDP, so retail sales are the main sources of the country's GDP.
Since the 90s, Japan went through "a lost decade" after the asset bubble burst. Companies and households deleveraged after their assets depreciated rapidly. Private consumption thus decreased. Decreasing consumption led the economy into a recession, where deflation occurred and income declined. The private sector paid back debt even faster and balance sheet shrank.
Japan Retail Sales (L)2021-0712,728.00 b
Japan Retail Sales (YoY, R)2021-072.40 %