Free Trial

MNI BRIEF: Japan Consumer Confidence Up In Line With BOJ View

(MNI) Tokyo
(MNI) TOKYO

Japan's consumer confidence index posted its first rise in two months in March as all components improved, in line with the Bank of Japan’s view that private consumption has increased moderately, despite price rises and prompting the Cabinet Office to upgrade its assessment from the previous month, data showed on Monday.

The index rose to 33.9 in March from 31.3 in February, according to the survey from March 7-20.

The Cabinet Office said consumer spending showed signs of recovering. It had previously seen it as weak.

The sub-index on asset prices, not included in overall consumer confidence, stood at 38.5 in March, up from 36.9 in February. The share of respondents projecting consumer price gains fell to 94.1% in March from 94.3% in February. (See MNI POLICY: BOJ Eyes Orders Amid Tighter Global Conditions)

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.