Japan Consumer Confidence September 2021


Japan: Consumer sentiment turns less pessimistic in September

October 1, 2021

Consumer confidence came in at 37.8 in September, up from August's 36.7 and thus marking a 19-month high. Nevertheless, the index remained entrenched below the 50-threshold, signaling that consumers remained deeply pessimistic in September.

The overall improvement reflected a broad-based increase in sentiment: Consumers became less pessimistic regarding overall livelihood, income growth and employment opportunities in the coming six months, while willingness to buy durable goods improved marginally in September compared with the prior month’s survey.

FocusEconomics Consensus Forecast panelists project private consumption to expand 1.8% in 2021, which is up 0.1 percentage points from last month’s forecast, and grow 3.1% in 2022.

Author:, Economist

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Japan Consumer Confidence Chart

Japan Consumer Confidence September 2021

Note: Consumer Confidence Index (seasonally adjusted series). A reading above the 50-threshold suggests consumers are optimistic about the economy, whereas a reading below the threshold points to pessimism.
Source: Cabinet Office (CO).

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