Japan: Consumer confidence rebounds to pre-crisis levels
February 12, 2013
The seasonally adjusted consumer confidence index improved markedly at the outset of the year, rising from 39.2 points in December to 43.3 points in January. As a result, consumer sentiment now sits at levels not seen since September 2007. The consumer confidence index measures consumer expectations over the next six months, with a value of 100 points indicating that all respondents see their living standards improving.
The monthly rise was broad-based, as all the main components that comprise the index improved over the previous month. The largest gains were seen in job conditions as well as in the willingness to buy durable goods. On the other hand, income growth and the overall livelihood category recorded milder increases.