Japan: Consumer sentiment declines further in January
February 10, 2014
In January, consumer sentiment fell from the 41.3 points recorded in December to 40.5 points, marking the lowest level since December 2012. The consumer confidence index measures consumers' expectations for the next six months on a scale of 0-100, where 100 points indicates that all respondents see their living standards improving.
Consumers were significantly more pessimistic regarding their willingness to buy durable goods. Income growth and consumers' overall livelihood recorded milder declines, whereas employment prospects improved.
FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.5% in 2014, which is unchanged from last month's forecast. In 2015, the panel sees private consumption growing 0.3%.