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MNI 5 THINGS: Japan Apr Consumer Confidence Dips on Prices 

--Japan Apr Consumer Confidence Index 43.6 Vs Mar 44.3
--Japan Govt downgrades View: Consumer Confidence weaker
     TOKYO (MNI) - The key points from the latest monthly Consumer Confidence
Survey of households with two or more people conducted on April 15 and released
by the Cabinet Office on Wednesday.
     * Japan's consumer confidence index fell 0.7 point to 43.6 in April on a
seasonally adjusted basis, posting the first month-on-month drop after being
unchanged in March, hit by higher electricity and gas bills as well as price
hikes by delivery service firms and some fast-food chains. Households are also
believed to be concerned about a continued decline in real income amid slow
nominal wage growth.
     * The government downgraded its assessment for the first time in two
months, saying, "Consumer confidence is weaker," Last month it said confidence
was marking time. The three-month moving average of the confidence index posted
the third straight drop in April. "But the level of the index is still fairly
high. It is not falling sharply," a Cabinet Office official said.
     * Consumers were more pessimistic about all of the four key aspects that
affect their sentiment -- overall economic well-being, income gains, job
prospects and whether it would be a good time to buy durable goods over the next
six months.
     * The index on asset prices, which is not one of the sub-indexes used to
calculate overall consumer confidence, showed the first month-on-month rise in
three months, up 0.6 point in April after falling 0.8 point the previous month.
     * The survey also showed that the public's inflation expectations for 12
months ahead marked the first rise in three months. The share of those
projecting price rises increased to 82.3% in April from 79.8% in March. The
share of respondents forecasting lower prices decreased to 2.9% from 3.6%.
--MNI Tokyo Bureau; tel: +81 90-4670-5309; email: max.sato@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$,MT$$$$]
Data StoriesImpactDataPolicy NewsBellChinaAPACBank of Japan (BOJ) Market NewsJapanAustraliaNew ZealandRegion
Data StoriesImpactDataPolicy NewsBellChinaAPACBank of Japan (BOJ) Market NewsJapanAustraliaNew ZealandRegion
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