Retail Sales in Japan Excceded Forecats in November

Japan’s retail sales rose faster than expected in November largely attributed to decreasing COVID-19 cases in November.

The Japanese government on Friday approved a record $940 billion budget for fiscal year 2022, including cash payouts to families and businesses affected by the pandemic.

However, economic prospects seem bleaker as Asia fights against omicron variant.

The government on Thursday expressed taking possible COVID-19 restriction measures amid spread of omicron variant.