Japan's Consumer Renaissance May Be Short-Lived

Updated:

Loading
Hello, big spenders! After handing Prime Minister Shinzo Abe's party a sweeping election victory, Japanese consumers are continuing to vote for his pro-growth policies with their wallets. Retail sales posted their biggest rise in over a year in June, marking a second straight month of gains. Scorching weather helped push up clothing sales, but demand for electronics and luxury goods was also solid.