Japan Consumer Confidence

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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.”

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.3% in 2015, which is unchanged from last month’s forecast. In 2016, the panel sees private consumption growing 1.3%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart


Japan Consumer Confidence June 2015

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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