Japanese consumer confidence worsened for a second straight month in September, a Cabinet Office survey showed on Friday, suggesting the damage inflicted by the sales tax hike in April is lasting longer than expected.
The survey's sentiment index for general households, which includes views on incomes and jobs, was at 39.9 in September, down from 41.2 in August.
Japanese consumer inflation slowed further in August, official data showed on Friday, stoking concerns about Tokyo's war on deflation.
The nation's core consumer inflation, stripping out volatile fresh food prices, was 3.1 percent year-on-year, the internal affairs ministry said.
Supermarket sales in Japan fell 0.1 percent in August from a year earlier on a same-store basis, declining for the fifth consecutive month following the April consumption tax hike, an industry body said Monday.
Sales at 9,242 stores operated by 60 supermarket chains totalled JPY1.09 trillion (USD10.04 billion), according to the Japan Chain Stores Association.
Japanese retail sales rose 0.5 per cent in July from a year earlier, up for the first time in four months, government data showed on Friday, a sign consumption is gradually picking up months after a sales tax rise.
The gain compared with a 0.1 percent annual increase expected by economists in a Reuters poll. It followed a 0.6 percent annual drop in June, data by the Ministry of Economy, Trade and Industry showed.
The government raised the national sales tax to 8 percent from 5 percent on 1 April in a bid to curb massive public debt.
Supermarket sales in Japan fell 2.1 percent in July from a year earlier on a same-store basis, declining for the fourth consecutive month since the 1 April consumption tax hike, an industry body said on Thursday.
Sales at 9,252 stores operated by 60 supermarket chains totalled JPY1.09 trillion (USD10.52 billion), according to the Japan Chain Stores Association.
The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday, keeping policy-makers under pressure to expand fiscal and monetary stimulus should recovery falter again.
The five biggest convenience store operators in Japan claimed more than 90 percent of the market by sales for the first time in fiscal 2013. Sales for all Japanese convenience store locations totaled JPY9.81 trillion (USD95.7 billion) for fiscal 2013, according to a Nikkei survey.
Japan's inflation came in as expected in June, data showed on Friday, boosted by the consumption tax hike that took effect in April.
Nationwide core consumer price index (CPI) rose 3.3 percent in June year on year, in line with a Reuters estimate and against the 3.4 percent uptick in May.
The core Tokyo CPI for July, a leading indicator, climbed an annual 2.8 percent, slightly better than a 2.7 percent rise forecast by Reuters and following the 2.8 percent gain in June.
Japan's core consumer prices rose 3.4 percent in May from a year earlier, data on Friday showed, rising at their fastest pace since April 1982.
The rise in the core consumer price index (CPI), which excludes volatile food prices, was in line with analyst expectations in a Reuters poll for a 3.4 percent rise.
Annual consumer prices in Japan have risen for 12 straight months – a positive sign for the Bank of Japan and Prime Minister Shinzo Abe's plan to finally rid the world's third biggest economy of deflation risks.
Sales at supermarkets in Japan fell 2.2 percent in May from a year earlier on a same-store basis – the second consecutive monthly drop following the 1 April tax hike, an industry body said on Monday.
The decline was smaller than the 5.4 percent dip posted in after the tax rate rose to 8 percent from 5 percent in April, indicating a potential recovery in consumer confidence.