The Consumer Confidence Index in Japan fell to 38.7 in June 2019 from 39.4 in the previous month and below market expectations of 39.2. That was the weakest reading since November 2014, as three of four sub-indices deteriorated: willingness to buy durable goods (down 1.6 points from a month earlier to 35.6); overall livelihood (down 1.1 points to 36.3); and employment (down 0.3 points to 43.0). Meanwhile, the income growth sub-index was unchanged at 39.8. Consumer Confidence in Japan averaged 42.24 Index Points from 1982 until 2019, reaching an all time high of 50.80 Index Points in December of 1988 and a record low of 27.50 Index Points in January of 2009.
Consumer Confidence in Japan is expected to be 40.80 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Japan to stand at 43.00 in 12 months time. In the long-term, the Japan Consumer Confidence is projected to trend around 43.90 Index Points in 2020, according to our econometric models.