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.