Japan: Upward trend in consumer confidence remains intact in December
January 12, 2016
Consumer sentiment rose from the 42.6 recorded in November to 42.7 in December. The print beat market expectations of a decrease to 42.4 and represented the highest reading since November 2013. The consumer confidence index measures consumers’ expectations for the next six months on a scale of 0–100, where 100 indicates that all respondents see their living standards improving.
December’s result reflected a sharp improvement in income growth, which hit a 31-month high, and, to a lesser extent, in the overall livelihood category. Consumers’ willingness to buy durable goods was unchanged in December, while job prospects deteriorated slightly in the same month.