The consumer confidence index in Japan unexpectedly declined to 36.2 in August of 2023 from July's 19-month high of 37.1 and below market forecasts of 37.5. Households' sentiment deteriorated toward all components, namely income growth (down 0.2 points to 39.0), employment (down 1.3 points to 42.7), overall livelihood (down 1.0 to 32.9), and willingness to buy durable goods (down 1.1 points to 30.0). source: Cabinet Office, Japan

Consumer Confidence in Japan averaged 40.93 points from 1982 until 2023, reaching an all time high of 50.80 points in December of 1988 and a record low of 21.60 points in April of 2020. This page provides - Japan Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Consumer Confidence in Japan is expected to be 37.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Consumer Confidence is projected to trend around 36.00 points in 2024 and 37.00 points in 2025, according to our econometric models.

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Japan Consumer Confidence



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-31 05:00 AM Jul 37.1 36.2 36.8
2023-08-30 05:00 AM Aug 36.2 37.1 37.5 37.2
2023-09-29 05:00 AM Sep 36.2 37


Related Last Previous Unit Reference
Consumer Confidence 36.20 37.10 points Aug 2023
Consumer Spending 295962.90 297509.20 JPY Billion Jun 2023

Japan Consumer Confidence
In Japan, the Monthly Consumer Confidence survey data is collected by direct visit and covers about 4,700 households consisting of more than two persons. The questionnaire covers four subjects: consumer perceptions of overall livelihood, income growth, employment and willingness to buy durable goods. For each subject an index based on the respondents’ evaluation of what they consider the prospects to be over the next six months is created. The Consumer Confidence Index is the simple average of the four consumer perception indexes. A score above 50 indicates optimism, below 50 shows lack of confidence and 50 indicates neutrality.
Actual Previous Highest Lowest Dates Unit Frequency
36.20 37.10 50.80 21.60 1982 - 2023 points Monthly
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News Stream
Japan Consumer Morale Unexpectedly Falls
The consumer confidence index in Japan unexpectedly declined to 36.2 in August of 2023 from July's 19-month high of 37.1 and below market forecasts of 37.5. Households' sentiment deteriorated toward all components, namely income growth (down 0.2 points to 39.0), employment (down 1.3 points to 42.7), overall livelihood (down 1.0 to 32.9), and willingness to buy durable goods (down 1.1 points to 30.0).
2023-08-30
Japan Consumer Mood Highest in 19 Months
The consumer confidence index in Japan increased to 37.1 in July of 2023 from 36.2 in the previous month. It was the highest reading since December 2021, as the economy recovered further from pandemic disruptions. Households' sentiment improved for all components: income growth (up 0.3 points to 39.2), employment (up 0.9 points to 44), overall livelihood (up 1.0 to 33.9), and willingness to buy durable goods (up 1.2 points to 31.1).
2023-07-31
Japan Consumer Morale Highest in 17 Months
The consumer confidence index in Japan ticked up to 36.2 in June of 2023 from 36 in the previous month, matching market forecasts of 36.2. It was the highest reading since January 2022, as the economy recovered further from pandemic disruptions. Households' sentiment strengthened for both employment (up 0.3 points to 43.1) and income growth (up 1.0 points to 38.9), while overall livelihood was unchanged (at 32.9). By contrast, the household’s sentiment for the willingness to buy durable goods deteriorated (down 0.4 points to 29.9).
2023-06-29