Japan Consumer Confidence

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Japan: Consumer confidence hits six-month high in February

March 12, 2015

Consumer sentiment rose from the 39.1 points recorded in January to 40.7 points in February. The print represented a six-month high and came in above the 39.5 points that analysts had expected. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 points indicates that all respondents see their living standards improving.

February’s result reflected a strong increase in the overall livelihood category as well as in consumers’ willingness to buy durable goods. Job conditions also improved markedly in February, while income growth recorded a mild gain. Against this backdrop, the government upgraded its view on consumer confidence stating that, “some recovery in the consumer mindset can be seen.”

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2015, which is unchanged from last month’s forecast. In 2016, the panel sees private consumption growing 1.0%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart


Japan Consumer Confidence February 2015

Note: Index of consumer sentiment. The 50-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).


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