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.