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Free AccessMNI DATA IMPACT: Japan Consumer Confidence Picks Up In Feb
Japan's consumer confidence picked up in February, with optimism higher in all major components of a leading survey, prompting the Cabinet Office to upgrade its assessment.
The latest Consumer Confidence index rose to 33.8 in February from 29.6 in January, the latest Survey data published Thursday showed.
Consumers were more optimistic in all four key sub-sectors: overall economic well-being, income conditions, the labour market situation and the willingness to buy durable goods.
ASSESSMENT UPGRADED
The Cabinet Office upgraded its assessment from the previous month, noting that consumer sentiment showed signs of recovering, although the situation remains severe.
The sub-index on asset prices, not included in calculating overall consumer confidence, rose 5.5 point to 40.2 after falling 0.9 point to 34.7 in January.
The share of respondents projecting consumer price gains rose to 69.8% in February after falling to 65.4% in January. The share of respondents forecasting lower prices fell to 9.4% in February from January's 11.8%.
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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.