Japan's December retail sales dropped more than expected, suggesting slow economic growth in the fourth quarter due to sluggish household spending. While the markets expect further monetary easing from the BoJ, the downbeat data will put further pressure on the policymakers to turn around weak economic recovery.
According to data ministry, December retail sales dropped 1.1 percent y/y recording its second straight decline in months, above markets forecast of a 0.1 percent decline.
A sluggish EM demand and slow wage growth continues to weigh on exports and private consumption, further suppressing the economy's growth. The current financial market turmoil has tightened pressure on the BOJ to expand its monetary stimulus; however, most of the central bankers do not expect the central bank to ease its policy as they perceive that the Japan's economy is likely to recover moderately.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum
China Holds Loan Prime Rates Steady in January as Market Expectations Align
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets
South Korea Factory Activity Hits 18-Month High as Export Demand Surges
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 



