Japan consumer confidence rises slightly in July
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.
July’s increase came on the back a sizeable rise in the overall livelihood category and consumers’ willingness to buy durable goods.
Income growth recorded a smaller increase, while the employment index steadied in July.
FocusEconomics Consensus Forecast panelists expect private consumption to rise 0.9% in 2017, which is up 0.1 percentage points from last month’s forecast. In 2018, the panel also sees private consumption growing 0.9%. ■