Japan Consumer Confidence

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Japan: Consumer confidence recedes slightly in April from March's 15-month high

May 15, 2015

Consumer sentiment fell from the 41.7 recorded in March to 41.5 in April, which was below the 41.8 that analysts had expected. March’s print had represented a 15-month high. 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.

April’s result reflected a broad-based deterioration as three of the four components that make up the index decreased over the previous month’s result. Consumers’ willingness to buy durable goods recorded the largest decline, while the overall livelihood and the income growth categories recorded milder decreases. On the other hand, job conditions continued to improve in April and now it sits at the highest level in 15 months.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.3% in 2015, which is unchanged from last month’s forecast. In 2016, the panel sees private consumption growing 1.3%.


Author: Ricard Torné, Head of Economic Research

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Japan Consumer Confidence Chart


Japan Consumer Confidence April 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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