Japan Consumer Confidence September 2016

Japan

Japan: Consumer confidence jumps to three-year high in September

October 4, 2016

Consumer sentiment rose from August’s 42.0 to 43.0 in September. The print defied market analysts’ expectations for a decline to 41.5 and represented the highest reading since September 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.

September’s result reflected a broad-based improvement as all the main sub-components of the index gained ground over last month’s reading. Consumers’ perceptions of their job prospects improved the most, followed by their views on their overall livelihood and their willingness to buy durable goods. Consumers’ assessment of their income growth recorded only mild gains in the same month.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.2% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees private consumption growing 0.8%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence September 2016

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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