Japan’s retail sales fell for a third straight month in February amid the country’s biggest wave of virus infections, adding to concern that the economy’s recovery may have slipped back into reverse.
Sales fell 0.8% in February from the month before, as shoppers cut back spending on clothes and accessories, the economy ministry reported Wednesday. Analysts had expected a 0.3% decline. Compared with the previous year, sales were down for the first time since September, also falling 0.8%.
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