Japan Consumer Confidence April 2016

Japan

Japan: Consumer confidence deteriorates in April

May 9, 2016

Consumer sentiment fell from March’s 41.7 to 40.8 in April. The print slightly overshot the 40.7 that market analysts had expected. 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.

April’s result reflected a broad-based deterioration as all but one of the main sub-components of the index lost ground compared to the March’s result. Consumers’ willingness to buy durable goods and job prospects led the decrease, followed by the overall livelihood category. On the other hand, the income growth sub-component improved in the same month.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.1% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel sees private consumption growing 0.2%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence April 2016

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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