Japan: Consumer confidence broadly stable in May
June 9, 2015
Consumer sentiment fell slightly from the 41.5 recorded in April to 41.4 in May. The print was below the 41.9 that analysts had expected and represented a 3-month low. 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.
May’s result reflected a sharp deterioration in job conditions and a slightly downgrade in consumers’ willingness to buy durable goods. On the other hand, the overall livelihood and the income growth categories recorded increases. As a result, the government slightly downgraded its basic assessment of consumer confidence, stating that the pace of a pickup in consumer confidence is “becoming moderate.” In April, the government said consumer sentiment was “picking up.”