Japan Consumer Confidence


Japan: Consumer confidence rebounds from July's six-month-low in August

September 9, 2015

Consumer sentiment rose from the 40.3 recorded in July to 41.7 in August, beating market expectations of a milder increase to 40.5. July’s print had represented the lowest reading since January. 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.

August’s result reflected a broad-based improvement, as all the sub-categories that make up the index gained ground over the previous month. The overall livelihood category experienced the largest increase. Job conditions and consumers’ willingness to buy durable goods also rose robustly, while the increase in income growth was more moderated.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 0.2% in 2015, which is down 0.4 percentage points 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 August 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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