Japan: Consumer confidence jumps to over one-year high in March
April 17, 2015
Consumer sentiment rose from the 40.9 recorded in February to 41.7 in March. The print represented a 15-month high and came in above the 41.3 that analysts had expected. 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.
March’s result reflected a broad-based improvement as all the main components of the index increased in March and all of them are now at an over one-year high. That said, job conditions recorded the largest increase, followed by consumers’ willingness to buy durable goods. Against this backdrop, the government upgraded its view on consumer confidence stating that, “consumer confidence is picking up.”