Japan Consumer Confidence


Consumer sentiment declines further in January

In January, consumer sentiment fell from the 41.3 points recorded in December to 40.5 points, marking the lowest level since December 2012. The consumer confidence index measures consumers' expectations for the next six months on a scale of 0-100, where 100 points indicates that all respondents see their living standards improving.

Consumers were significantly more pessimistic regarding their willingness to buy durable goods. Income growth and consumers' overall livelihood recorded milder declines, whereas employment prospects improved.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.5% in 2014, which is unchanged from last month's forecast. In 2015, the panel sees private consumption growing 0.3%.

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Japan Consumer Confidence Chart

Japan Consumer Confidence January 2014

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

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