Japan: Consumer sentiment moderates further in December
January 17, 2011
Consumer confidence continues to erode, further supporting the notion that the Japanese economy is losing momentum. In December, the Cabinet Office's index of household sentiment dropped for the sixth month in a row, falling from 40.4 points in November to 40.1 points. An index value under 50 points indicates that pessimists outnumber optimists. The December moderation in consumer sentiment reflected, as in previous months, a lower willingness to buy durable consumer goods, brought about by the withdrawal of government stimulus measures aimed at boosting consumption.