Japan Consumer Confidence January 2016


Japan: Consumer confidence in January recedes slightly from December's two-year high

February 3, 2016

Consumer sentiment inched down from the 42.7 recorded in December to 42.5 in January. December’s print represented the highest reading since November 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.

January’s result, which was in line with market expectations, reflected a deterioration in income growth and job prospects, while the overall livelihood category experienced a milder decline. On the other hand, consumers’ willingness to buy durable goods increased in January to its highest level since November 2013.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 1.0% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel sees private consumption growing 0.4%.

Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart

Japan Consumer Confidence January 2016

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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