Japan Consumer Confidence


Japan: Consumer confidence declines in September

October 13, 2015

Consumer sentiment fell from the 41.7 recorded in August to 40.6 in September, falling short of market expectations of a milder decrease to 41.6. 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.

September’s result reflected a broad-based deterioration, as all the sub-categories that make up the index lost ground over the previous month. Job conditions, the overall livelihood category and consumers’ willingness to buy durable goods experienced the largest declines. The fall in income growth, however, was more moderated.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 0.2% in 2015, which is down 0.4 percentage points from last month’s forecast. In 2016, the panel sees private consumption growing 1.3%.

Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart

Japan Consumer Confidence September 2015

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

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