Japanese Stocks Slide on Consumption Tax Increase Concern; Retailers Fall

(Bloomberg) -- Japanese stocks slipped, snapping a
six-day rally. Retailers paced declines by domestic demand-
related companies after Prime Minister Shinzo Abe denied he had
ruled out raising the consumption tax.

Seven & I Holdings Co., Japan's largest retailer, also
dropped after saying operating profit, or sales minus the cost
of goods sold and administrative expenses, dropped 1.1 percent
in the first quarter. Yamada Denki Co., the nation's biggest
electronics retailer, fell 0.8 percent.


Read more at Bloomberg Stocks News