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Japan consumer confidence rises slightly in July

Staff Writer |
Consumer sentiment inched up from 43.3 in June to 43.8 in July. The reading came in above the 43.5 mark that analysts had predicted.

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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%.

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