Japan Consumer Confidence


Consumer sentiment continues to improve in February

The seasonally adjusted consumer confidence index continued to gain momentum in February, rising to 44.3 points from 43.3 points in January. As a result, consumer sentiment now sits at levels not seen since June 2007. The consumer confidence index measures consumer expectations over the next six months, with a value of 100 points indicating that all respondents see their living standards improving.

The monthly rise was broad-based, as all the main components that comprise the index improved over the previous month. The largest gains were seen in job conditions as well as in income growth. On the other hand, the willingness to buy durable goods and the overall livelihood categories recorded milder increases.

FocusEconomics Consensus Forecast panellists anticipate private consumption to increase 0.6% in 2013, which is up 0.2 percentage points from last month's forecast. In 2014, the panel sees private consumption growing 0.5%.

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Japan Consumer Confidence Chart

Japan Consumer Confidence February 2013

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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