Japan consumer confidence edges down in April
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.
April’s moderation came on the back of a deterioration in all but one of the sub-categories.
Consumers’ willingness to buy durable goods recorded the largest drop, followed by the overall livelihood category. Income growth declined, albeit mildly.
On the upside, the employment index climbed to the highest mark in two years.
FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.8% in 2017, which is unchanged from last month’s forecast.
In 2018, the panel also sees private consumption growing 0.8%. ■