Japan: Consumer confidence falls again in September
October 12, 2010
The recent recovery in Japanese private consumption seems to be stalling. In September, the Cabinet Office's index of household sentiment fell for the third consecutive month, sliding from 42.4 points in August to 41.2 points. An index value below 50 indicates that pessimists outnumber optimists. The deterioration in consumer confidence was broad-based, as all components of the index worsened over the previous month. That said, the decline was mostly driven by a diminishing willingness to buy durable goods and a poorer assessment of the labour market.