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Japan's retail sales rose in June for the sixth straight month, but the pace of growth is slowing. Official data shows June retail sales climbed 3.2 percent from a year earlier. The figure met expectations, but the pace of growth was slower than in March and April when retail sales jumped almost 5 percent.
Auto sales jumped more than 12 percent year-on-year in June, largely thanks to government incentives. Sales at large retail stores, however, was down in June for the 27th consecutive month underlining a deep slump in Japan's consumer demand.
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