The Consumer Confidence Index in Japan fell to 41.5 in February 2019 from 41.9 in the previous month and below market expectations of 41.6. This was the lowest reading since November 2016, amid a deterioration in overall livelihood (down 1.1 points to 39.0), willingness to buy durable goods (down 0.8 points to 40.9) and income growth (down 0.1 points to 41.3). Meanwhile, households' perceptions on employment improved (up 0.5 points to 44.8). Consumer Confidence in Japan averaged 42.27 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 43.90 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 43.90 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.