Japan Consumer Confidence December 2015

Japan

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.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 1.0% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel sees private consumption growing 0.4%.


Author: Ricard Torné, Lead Economist

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Japan Consumer Confidence December 2015

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


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