Japan Consumer Confidence January 2020

Japan

Japan: Consumer confidence holds steady at the outset of 2020

January 29, 2020

Consumer sentiment held steady at 39.1 in January, which was unchanged from the previous month. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100; a figure of 100 indicates that all respondents see their living standards improving.

Consumers were more confident about employment prospects in January, in addition to their ability to purchase durable goods. However, consumer sentiment decreased regarding both income growth and overall livelihood prospects. Meanwhile, the percentage of consumers who expected prices to increase one year in the future dropped to 78.2% from 78.8%.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.0% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel sees private consumption growing 0.7%.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Japan? Download a sample report now.

Download

Japan Consumer Confidence Chart


Japan Consumer Confidence January 20 20

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


Japan Economic News

  • Japan: Olympics postponed as government eyes urgent fiscal stimulus

    March 25, 2020

    On 24 March, Prime Minister Shinzo Abe announced the postponement of the Tokyo 2020 Olympic Games until the summer of next year at the latest.

    Read more

  • Japan: Private sector activity falls at fastest pace in nearly a decade in March

    March 24, 2020

    The Jibun Bank composite Purchasing Managers’ Index (PMI) slumped to 35.8 in March from 47.0 in February, according to a flash reading, suggesting private sector activity declined from the previous month at the fastest pace in nearly a decade. The services PMI led the decline, falling to 32.7 in March from a revised 46.8 in February (previously reported: 46.7), marking the lowest reading since contemporary records began in September 2007.

    Read more

  • Japan: Headline inflation slows in February

    March 19, 2020

    The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in February, contrasting the 0.1% increase in January, mainly due to lower prices for transportation and communication. Core inflation slowed to 0.6% in February from 0.8% in January, as expected by market analysts but still well below the Bank of Japan’s inflation target of 2.0%.

    Read more

  • Japan: Exports drop for the 15th month running in February

    March 18, 2020

    Yen-denominated merchandise exports fell 1.0% in February in year-on-year terms, after dropping 2.6% in January, largely due to lower machinery shipments, which make up nearly one-fifth of total merchandise exports.

    Read more

  • Japan: Bank of Japan acts to buttress the economy

    March 16, 2020

    At an emergency meeting ending on 16 March, the Bank of Japan (BoJ) loosened its monetary policy to support the Japanese economy against a rapidly deteriorating global economic backdrop.

    Read more

More news

Search form