Japan Consumer Confidence June 2020


Japan: Consumer confidence improves in June

July 1, 2020

The consumer confidence index came in at 28.4 in June, up from May's 24.0. As a result, the index—which measures consumer expectations about the economy for the next six months—moved closer to, but remained below, the 50.0-threshold, which separates pessimism from optimism among consumers.

The headline print reflected an improvement in consumers’ assessments of employment opportunities and less pessimism regarding their future income growth.

FocusEconomics Consensus Forecast panelists project private consumption to contract 5.0% in 2020, which is unchanged from last month’s forecast. In 2021, the panel sees private consumption growing 2.6%.


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Japan Consumer Confidence Chart

Japan Consumer Confidence June 20 20

Note: Consumer Confidence Index (seasonally adjusted series). A reading above the 50.0-threshold suggests consumers are optimistic about the economy, whereas a reading below the threshold points to pessimism.
Source: Cabinet Office (CO).

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