Japan Consumer Morale Lowest in 3 Months

Japan's consumer confidence index declined to 35.0 in October 2026 from 35.4 in September, slightly below market expectations of 35.1. It was the lowest reading since July, as sentiment deteriorated across all major components. Households' views on overall livelihood (33.2 vs 33.8 in September), willingness to purchase durable goods (26.8 vs 27.3), income growth (40.4 vs 40.5 in September), and employment prospects (39.4 vs 40.0) all weakened.

Japan's consumer confidence index edged down to 35.4 in September 2026 from August’s six-month high of 35.5, slightly beating market expectations of 35.3. Sentiment weakened in two of the four major components, with households reporting weaker views on overall livelihood (33.8 vs 34.1 in August) and willingness to purchase durable goods (27.3 vs 27.5). Meanwhile, sentiment improved regarding income growth (40.5 vs 40.4 in August) and employment prospects (40.0 vs 39.9).

Japan's consumer confidence index increased to 35.5 in August 2026 from 34.9 in the previous month, beating market expectations of 35 and reaching its highest level since February. Sentiment strengthened in two of the four major components, with households reporting stronger views on overall livelihood (34.1 vs 33.1 in July) and willingness to purchase durable goods (27.5 vs 25.6). Meanwhile, sentiment weakened regarding income growth (40.4 vs 40.9) and employment prospects (39.9 vs 40.1).