Japan: Upward trend in consumer sentiment continues in June
July 10, 2014
Consumer sentiment rose from the 39.3 points recorded in May to 41.1 points in June, which marked the highest reading so far this year. 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.
June’s print was the result of an across-the-board improvement in consumer confidence as all the subcategories of the index gained ground over the previous month. Consumers were significantly more optimistic regarding their willingness to buy durable goods going forward. Household’s views on employment prospects and overall livelihood also recorded healthy increases in June. Expectations for income growth, however, improved only marginally.