Japan: Consumer confidence inched up in June
July 9, 2015
Consumer sentiment rose slightly from the 41.4 recorded in May to 41.7 in June. The print was in line with the result that market analysts had expected and represented a three-month high. 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.
June’s result reflected a broad-based improvement, as all the sub-categories that make up the index gained ground over the previous month. Income growth and the overall livelihood posted a multi-month high in June, while improvements in job conditions and consumers’ willingness were more subdued. As a result, the government maintained its basic assessment of consumer confidence, stating that the pace of a pickup in consumer confidence is “becoming moderate.”