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MNI DATA IMPACT: Japanese Consumer Confidence Lower In August

--Japan August Consumer Confidence Index 29.3 Vs July 29.5

--Japan Govt Lowers View: Tempo of Recovery becomes moderate

MNI (Sydney)
TOKYO (MNI)

Japan's consumer confidence index fell for the first time in four months in August to a seasonally adjusted 29.3 from 29.5 in July, the latest Consumer Confidence Survey published by the Cabinet Office showed on Monday.

Consumers were less optimistic on three out of the four key sentiment sectors; overall economic well-being, labour market conditions and income conditions.

Consumers were more optimistic that the next six months would be good time to buy durable goods.

The Cabinet Office lowered its assessment from the previous month, noting that the tempo of recovery had became more moderate.

The sub-index on asset prices, not included in calculating overall consumer confidence, rose 0.3 points to 33.5 after gaining 0.4 points to 33.2 in July.

The share of respondents projecting consumer price gains rose to 75.1% in August after rising 2.2 points to 73.7% in July. The share of respondents forecasting lower prices fell to 9.3% in August from 9.5% in July.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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