On June 27th, Gelunhui reported that retail sales in Japan in May increased from the previous month, and consumer demand remained stable in the face of sustained inflation. According to data from the Japanese Ministry of Economy, Trade and Industry, seasonally adjusted retail sales in May increased by 1.7% month-on-month, exceeding economists' expectations of 0.8% growth. The year-on-year growth rate reached 3%, which also exceeded market expectations. These numbers may have become higher due to price increases. This may indicate that strong wage growth is helping Japanese consumers cope with inflation, and the influx of record-breaking foreign tourists continues to boost store sales. Consumption will be a key factor in determining whether the Japanese economy can rebound in the second quarter after experiencing a contraction in the previous quarter.