Japan Consumer Confidence December 2020

Japan

Japan: Consumer confidence deteriorates, drops further into negative territory in December.

January 6, 2021

Consumer confidence came in at 31.8 in December, down from November's 33.7. Consequently, the index—which measures consumer expectations about the economy for the next six months—moved further below the 50-threshold, indicating increased pessimism among consumers

The overall deterioration reflected a broad-based fall in sentiment. Consumers became more pessimistic regarding overall livelihood, employment and income growth employment opportunities in the coming six months while willingness to buy durable goods also fell in December compared with the prior month’s survey.

FocusEconomics Consensus Forecast panelists project private consumption to expand 2.7% in 2021, which is up 0.1 percentage points from last month’s forecast, and grow 2.0% in 2022.


Author:, Economist

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Japan Consumer Confidence December 20 20

Note: Consumer Confidence Index (seasonally adjusted series). A reading above the 50.0-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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