Japan May retail sales rise 2.0 percent on-year, coming in below 2.6 percent forecast

Tomohiro Ohsumi | Getty Images

Shoppers look at ‘lucky bags’ containing luxury watches displayed outside a store on January 1, 2016 in Tokyo, Japan.

Japanese retail sales rose 2.0 percent in May from a year earlier, government data showed on Thursday, compared with economists’ median estimate of a 2.6 percent increase.

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