Japan Consumer Confidence October 2016


Japan: Consumer confidence recedes from September's three-year high in October

November 2, 2016

Japanese consumer sentiment fell from September’s three-year high of 43.0 to 42.3 in October. The print undershot market analysts’ expectations for a softer decline to 42.6. 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.

October’s result reflected a broad-based deterioration as all the main sub-components of the index lost ground over last month’s reading. Consumers’ perceptions of their job prospects declined 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 loses in the same month.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.5% in 2016, which is unchanged from last month’s forecast. In 2017, the panel sees private consumption growing 0.8%, which is also unchanged from last month’s estimate.

Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence Chart

Japan Consumer Confidence October 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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