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.