Japan retail sales log biggest fall since 1998
April 27, 2011 10:28 AM EST
Japanese retail sales fell 8.5 percent in March from a year earlier, logging their biggest year-on-year decline since March 1998, after a devastating earthquake and nuclear crisis battered consumer confidence, government data showed on Wednesday.
The drop was much bigger than a median market forecast for a 5.6 percent decline, the trade ministry data showed.
(Reporting by Kaori Kaneko; Editing by Chris Gallagher)