Japan's consumer confidence index fell in September as all components deteriorated from the previous month but the Cabinet Office left its economic assessment unchanged, data released by the Cabinet Office on Friday showed
The consumer confidence index fell to 30.8 in September from 32.5 in August, the latest Consumer Confidence Survey data showed. The index dropped after two months of gains. The latest survey was conducted from September 6 to September 20.
The government repeated that consumer confidence is weakening. Consumer confidence has been hit by a rise in living costs caused by high resource prices and the weak yen, which has hurt private consumption. The data also showed the share of respondents projecting consumer price gains rose to 94.0% in September from 93.8% in August. The share of respondents forecasting lower prices rose to 2.4% from 2.1%.
The sub-index on asset prices, not included in calculating overall consumer confidence, stood at 35.5 in September, down from 38.9 in August.