020 7898 0500The Japanese yen fell over 1% against sterling yesterday, as retail sales failed to increase from last month’s figure and sales were down 1.9% on last year’s figures. Results of this nature are undermining Prime Minister Abe’s policy of boosting consumer spending to help revive the economy. These reports signal continuing weakness in private consumption, which is increasing the risk of Japan’s exporting slowdown, a direct result of the strengthening yen.
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