Japanese Consumer Confidence Falls Slightly in December

Consumer confidence in Japan slightly fell in December as lockdowns caused by the surge in COVID-19 cases dampened sentiment on future employment.

The Cabinet Office’s Consumer Confidence Index, which includes general households’ sentiment on incomes and jobs, was at 39.1 in December, down from 39.2 the previous month.

A decrease in confidence on jobs drove the fall. The sub-index for employment went down 1.4 from November to 41.5.

Sub-sentiments on overall livelihood was 38.6 and income growth 39.9, both up by 0.5 from November. Willingness to buy durable goods remained unchanged at 36.5.

More people also expected prices to go up in the year ahead, increasing by 0.9 percent from November to 88.5 percent in December.

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