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MNI BRIEF: Japan Nov. Consumer Confidence Rises Again

(MNI) Tokyo

Japan's consumer confidence index posted its second straight rise in November, increasing to 36.1 from October's 35.7, according to the latest Confidence Survey released Thursday by the Cabinet Office.

The sub-index on asset prices, not included in calculating overall consumer confidence, stood at 40.7 in November, down from 42.1 in October.

The data also showed the share of respondents projecting consumer price gains fell to 91.6% in November from 92.5% in October, the lowest level since January 2022 when it stood at 89.7. The share of respondents forecasting lower prices rose to 2.8% from 2.4%.

The Cabinet Office repeated its message that signs of improvement were at a standstill and left its assessment for the third straight month.

November’s rise will ease the Bank of Japan’s concern for private consumption amid high prices and negative wage growth.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |

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