FX.co ★ Japan's Large Retailers Face Sales Slump in November

In the latest economic update from Japan, released on December 25, 2025, the sales figures for large retailers in November show a significant deceleration. According to the data, the sales growth rate has plummeted to a modest 0.6%, a sharp decline from the previous month's 1.6%.

This downturn marks a substantial month-over-month change, highlighting a slowdown in consumer spending or other economic factors affecting the retail sector. The October sales, which grew at a healthier rate of 1.6%, now seem like an anomaly as November’s figures suggest a hastening decline.

Analysts are expected to scrutinize this drop meticulously to understand what might be contributing to this sluggish momentum in Japan's retail landscape, particularly at such a pivotal time preceding the year-end shopping rush typically observed in December. This slowdown may prompt discussions on economic policies or consumer confidence challenges facing Japan as it moves into the new year.