In February, consumer sentiment fell from the 40.5 points recorded in January to 38.3 points, marking the lowest level since September 2011. The print undershot the fall to 40.0 points that market analysts had expected. 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. February's drop resulted from an across-the-board deterioration in consumer confidence. Consumers were significantly more pessimistic regarding their willingness to buy durable goods as well as their employment prospects. Income growth and consumers' overall livelihood recorded milder declines. 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 0.4%.
Japan Consumer Confidence
Consumer sentiment plunges to lowest level in over two years
March 12, 2014
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Japan Consumer Confidence Chart
Note: Index of consumer sentiment. The 50-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).
Japan Economic News
October 24, 2016
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from September’s revised 50.4 (previously reported: 50.3) to 51.7 in October.
October 24, 2016
In September, nominal exports valued in yen declined 6.9% from the same month last year, which followed August’s 9.6% decline.
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.