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Japan Consumer Confidence July 2022

Japan: Consumer confidence drops to over one-year low in July

Consumer confidence came in at 30.2 in July, down from June’s 32.1. July’s result marked the worst performance since January 2021. As a result, the index remained below the 50-threshold, pointing to growing pessimism among consumers.

The fall came on the back of a deterioration in consumers’ views of their income growth, overall livelihood, employment prospects, and willingness to buy durable goods over the next 12 months.

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