Japan Consumer Confidence

Japan

Japan: Downward trend in consumer sentiment continues in November

December 10, 2014

Consumer sentiment fell from the 38.9 points recorded in October to 37.7 points in November. The print represented the lowest reading in seven months. 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.

November’s result mostly reflected deteriorations in all the main sub-categories, with job conditions, the overall livelihood category and consumers’ willingness to buy durable goods recording the largest drops. Income growth were just below the previous month’s reading.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 0.6% in 2014, which is down 0.4 percentage points from last month’s forecast. In 2015, the panel sees private consumption growing 0.3%, which is unchanged from last month’s estimate.


Author: Ricard Torné, Head of Economic Research

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Japan Consumer Confidence Chart


Japan Consumer Confidence November 2014

Note: Index of consumer sentiment. The 50-point threshold represents the point above which consumers expect economic conditions to improve.
Source: Cabinet Office (CO).


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