The Consumer Confidence Index in Japan fell 0.7 points from the previous month to 37.1 in August 2019, the lowest since April 2014, as three of four of sub-indices deteriorated: willingness to buy durable goods (down 1.7 points to 31.7); overall livelihood (down 1.0 point to 34.8); and employment (down 0.4 points to 42.2). Meanwhile, the income growth sub-index was unchanged at 39.5. Consumer Confidence in Japan averaged 42.19 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 37.30 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 42.00 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.