Mount Fuji, Japan

Japan Consumer Confidence May 2020

Japan: Consumer confidence rises tentatively in May

The consumer confidence index rose to 24.0 in May from the 21.6 reading in April, which was the lowest reading since the index began in April 2004 and due to the negative economic effects of the coronavirus pandemic. The index measures consumer expectations about the economy for the next six months—a reading above the 50.0-threshold suggests consumers are optimistic, whereas a reading below the threshold points to pessimism.

Consumers were more positive about all aspects of their economic lives in May, with perceptions of income growth, employment, willingness to buy durable goods and overall livelihoods all improving. Separately, the percentage of consumers who expected prices to increase one year in the future rose to 72.3% in May from 70.7% in April.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest