Japan Consumer Confidence


Consumer confidence falls to six-month low in July

Consumer sentiment fell from the 41.7 recorded in June to 40.3 in July. The print represented the lowest reading since January. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 indicates that all respondents see their living standards improving.

July’s result reflected a broad-based deterioration, as all the sub-categories that make up the index lost ground over the previous month. Job conditions experienced the largest drop, followed by the overall livelihood category and consumers’ willingness to buy durable goods. The decline in income growth was more moderated. As a result, the government downgraded its basic assessment of consumer confidence, stating that it is stalling.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 0.2% in 2015, which is down 0.4 percentage points from last month’s forecast. In 2016, the panel sees private consumption growing 1.3%.

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Japan Consumer Confidence Chart

Japan Consumer Confidence July 2015 0

Note: Index of consumer sentiment. The 50-threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).

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