Japan: Consumer confidence rises for the first time in seven months
February 9, 2011
In January, the consumer sentiment index produced by the Cabinet Office increased to 41.1 points, one full point higher than the previous month. The figure represented the first improvement following six consecutive months of declining sentiment. An index value below 50 points indicates that pessimists outnumber optimists. January's improvement was broad-based, as all sub-components of the index rose over the previous month. That said, the most significant increase was recorded in employment, which rose 2.2 points. In addition, respondents were also more willing to purchase durable consumer goods this month.