The Consumer Confidence Index in Japan edged down to 40.4 in April 2019 from 40.5 in the previous month, staying slightly above market expectations of 40.3. This was the weakest reading since February 2016, as households' willingness to buy durable goods fell (down 1.1 points from a month earlier to 38.8) and their sentiment over income growth deteriorated (down 0.1 points to 40.5). Meanwhile, there was an improvement in consumers' confidence toward employment (up 0.7 points to 44.4) and overall livelihood (up 0.3 points to 38.0). Consumer Confidence in Japan averaged 42.25 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 41.80 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 45.00 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.