Japan Consumer Confidence

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Japan: Consumer confidence increases again in January

February 9, 2015

Consumer sentiment rose from the 38.8 points recorded in December to 39.1 points in January. The print represented the second consecutive increase in consumer confidence and marked a four-month high. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 points indicates that all respondents see their living standards improving.

January’s result reflected a sizeable increase in consumers’ willingness to buy durable goods, which hit a four-month high. Job conditions also improved in January. Conversely, the overall livelihood category and income growth recorded a decline in January.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2015, which is unchanged from last month’s forecast. In 2016, the panel sees private consumption growing 1.0%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart


Japan Consumer Confidence January 2015

Note: Index of consumer sentiment. The 50-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).


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