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Asian shoppers lift Japan department store sales, outlook murky

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The Business Times

Sales at Japanese department stores and convenience stores rose in June for a third straight month, industry data showed, offering some relief to policymakers worried about the fragile state of consumer spending.

But the data underscored the patchy nature of the recovery with department stores benefitting from a shopping spree by Asian tourists, who have flocked to Japan to benefit from the weak yen.


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