Japan consumer confidence rises above expectations in September
Japan's consumer confidence improved in September, although households overwhelmingly expect prices to increase over the coming year, official data showed Thursday.
According to the Cabinet Office, the consumer confidence index increased by 0.4 points to 35.3 in September, up from 34.9 in August.
The latest reading surpassed the consensus forecast of 35.2 cited by FXStreet.
The index is based on a survey conducted on September 15 covering 8,400 households in Japan.
Regarding price expectations for the year ahead, 93.4% of the surveyed group expect prices to go up, unchanged from the previous month.
2.3% of those questioned expect prices to go down, an increase of 0.6 percentage points. Meanwhile, 2.4% anticipate no change, representing a decrease of 0.5 percentage points.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
Sign up for free to ask the AI about this article.
Growth, inflation and rates across the major economies, with the impact on your business.