Japan: Consumer confidence picks up in August
Consumer confidence rose to 32.5 in August from July’s 30.2. As such, the index remained entrenched below the 50-threshold, indicating pessimism among consumers.
The headline print reflected improvements in all subcomponents of the consumer confidence index. Consumers became more optimistic over the next 12 months regarding their overall livelihood, income growth, employment and willingness to buy durable goods.