The Consumer Confidence Index in Japan inched down to 42.9 in November 2018 from 43.0 in the previous month and below market consensus of 43.3. This was the lowest reading since December 2016 amid a deterioration in households' perceptions on both overall livelihood (down 0.6 points to 40.8) and employment (down 0.2 points to 46.6). Meanwhile, the index measuring consumers' willingness to buy was unchanged at 42.4, and households' perceptions on income growth improved (up 0.5 points to 41.8). Consumer Confidence in Japan averaged 42.26 Index Points from 1982 until 2018, 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 44.00 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 42.91 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.