Japan Consumer Confidence October 2017

Japan

Japan: Consumer confidence hits highest level in four years in October

November 2, 2017

Consumer sentiment rose from 43.9 in September to 44.5 in October, marking the highest level since September 2013. 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.

October’s increase reflected a broad-based improvement in all components of the index. Job prospects and income growth recorded the largest increases, reflecting Japan’s tight labor market. The overall livelihood category also recorded a sizeable gain, while consumers’’ willingness to buy durable goods increased marginally.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.9% in 2018, which is down 0.1 percentage points from last month’s forecast. In 2019, the panel also sees private consumption growing 0.9%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence October 2017

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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