According to official figures, retail sales in Japan continue to increase sixth month in a row. So, as for December last year, retail sales increased by 0.2%.
"Bloomberg survey, which was conducted among analysts showed that sales growth expectations were at 0.9%, after growth rate in January by 0.5%," - stated RVD Markets experts (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
The increase in retail sales was due to demand for consumer goods such as food, drinks and cosmetics.
The Bank of Japan expects the economy slowdown
Despite earlier predictions about the growth of the country's GDP by 0.5%, the main regulator of Japan expects to reduce the index in the current fiscal year by the same 0.5%.
Bloomberg News has conducted a survey among 33 economists. Twenty-six of them expressed their assumptions about expanding the program to encourage the Bank of Japan.
"The Japanese yen continues to trade in the correction to the long-term trend at 117.51 yen to the dollar", - told Masterforex-V analysts. The nearest support is act local minima - 115.84 and 115.56, and the penetration of such important resistance levels as MF sloping channel and MF pivot 120.70. Consolidation over them points to the continuation of a long-term trend in the decline of the yen against the US dollar.
