Japan's Retail Trade for the year ended in May, clocking in at 3% YoY versus the forecast hold at 2.0%. On the downside, the previous period's print was revised down to 2.0% from the initial print of 2.4%.

Large Retailer Sales also increased in May, climbing to 4% YoY versus the previous month's print of 3%.

Seasonally-adjusted Japanese Retail Trade revealed a front-loaded uptick in retail activity, with MoM large retailer sales clocking in at 1.7% in May compared to April's 1.2%