3 Min Read |

TOKYO (Reuters) – Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country’s sales tax, raising concerns spending could pull back sharply in the coming months.

The increase in national sales tax to 10% from 8% on Oct. 1 is seen as crucial for fixing the industrial world’s heaviest…

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Updated December 2022

by Richard McKeon