Japan Consumer Confidence

Data Sentiment

Source: Japan Cabinet Office
Source Link: https://www.esri.cao.go.jp/
Frequency: Monthly
Next Release(s): April 30th, 2026 1:00 AM

Latest Updates

Japan’s Consumer Confidence Index fell to 33.3 in March 2026 (-6.4 pts MoM), reflecting a broad-based deterioration in household sentiment across all components.
- The headline Consumer Confidence Index declined to 33.3 (Feb: 39.7; -6.4 pts MoM), indicating a sharp drop in overall consumer sentiment.
- The Overall Livelihood index fell to 29.7 (-9.8 pts MoM), marking the largest decline among components and signaling significantly weaker perceptions of household living conditions.
- Income Growth sentiment decreased to 39.8 (-2.5 pts MoM), suggesting a modest deterioration in expectations for household earnings.
- Employment confidence declined to 37.6 (-5.7 pts MoM), indicating weaker views on job prospects compared with the previous month.
- Willingness to buy durable goods dropped to 26.0 (-7.7 pts MoM), pointing to reduced readiness for large purchases and softer consumer demand intentions.
- The share of respondents expecting prices to “go up” increased to 93.1% (+7.5 ppts MoM), indicating a notable rise in inflation expectations.
- The share expecting prices to “stay about the same” fell to 2.7% (-3.4 ppts MoM), while those expecting prices to “go down” declined to 2.5% (-3.6 ppts MoM), reflecting a shift toward stronger expectations of rising prices.
Japan’s Consumer Confidence Index rose to 40.0 in February 2026 (+2.1 pts MoM), indicating a broad improvement in household sentiment, pushing the index to the highest since mid-2019.
- The Overall Livelihood index increased to 39.7 (+2.9 pts MoM), representing the largest gain among the main components and suggesting stronger perceptions of household living conditions compared with January.
- Income Growth sentiment edged up to 42.5 (+0.5 pts MoM), indicating a modest improvement in expectations for household earnings.
- Employment confidence rose to 44.0 (+1.6 pts MoM), showing firmer views on job prospects during the month.
- Willingness to buy durable goods increased to 33.9 (+3.5 pts MoM), marking the strongest monthly improvement among the categories and indicating greater readiness for large purchases.
- The share of respondents expecting prices to “go up” over the next year declined to 85.6% (-5.7 ppts MoM), pointing to a notable reduction in inflation expectations compared with January.
- Expectations that prices will “stay about the same” increased to 6.1% (+1.9 ppts MoM), while expectations that prices will “go down” also rose to 6.1% (+3.0 ppts MoM), reflecting a broader shift away from expectations of rising prices.
Japan’s Consumer Confidence Index rose to 37.9 in January (+0.7 pts MoM), showing a modest rebound in household sentiment at the start of 2026.
- Overall livelihood improved to 36.8 (+0.9 pts MoM), indicating slightly better perceptions of general living conditions.
- Income growth sentiment increased to 42.0 (+0.7 pts MoM), pointing to firmer expectations for household earnings.
- Employment confidence climbed to 42.4 (+0.9 pts MoM), suggesting improved views on job prospects compared with December.
- Willingness to buy durable goods edged up to 30.4 (+0.2 pts MoM), showing only a small improvement in big-ticket purchase appetite.
- The share expecting prices to “go up” eased to 91.3% (-0.5 ppts MoM), indicating a slight moderation in inflation expectations.
- Expectations for stable prices rose to 4.2% (+0.6 ppts MoM), while expectations for price declines increased to 3.1% (+0.3 ppts), reflecting a modest shift away from near-universal price increase expectations.
Japan’s Consumer Confidence Index slipped to 37.2 in December (-0.3 pts MoM), indicating slightly weaker household sentiment at year-end.
- Overall livelihood declined to 35.9 (-0.3 pts MoM), pointing to a modest deterioration in perceptions of general living conditions.
- Income growth sentiment rose to 41.3 (+0.3 pts MoM), showing a small improvement in expectations for future earnings despite the softer headline index.
- Employment confidence edged down to 41.5 (-0.2 pts MoM), suggesting marginally weaker views on job prospects.
- Willingness to buy durable goods fell to 30.2 (-0.7 pts MoM), the largest decline among components and the weakest category in the index.
- Price expectations firmed, with 91.8% expecting prices to rise (+1.2 ppts MoM), while expectations for stable prices fell to 3.6% (-0.4 ppts) and expectations for price declines eased to 2.8% (-0.7 ppts), indicating increased inflation expectations.
Japan’s Consumer Confidence Index rose to 37.5 in November (+1.7 pts MoM), marking a broad improvement across all major sentiment categories.
- Overall livelihood increased to 36.2 (+1.9 pts MoM), indicating better perceptions of general living conditions.
- Income growth sentiment rose to 41.0 (+1.0 pt MoM), showing firmer expectations for future earnings.
- Employment confidence improved to 41.7 (+1.6 pts MoM), suggesting a more optimistic view of job prospects.
- Willingness to buy durable goods climbed to 30.9 (+2.0 pts MoM), the largest gain among components, though it remains the weakest category.
- Price expectations eased slightly, with 90.6% expecting prices to rise (-2.0 ppts MoM), while 4.0% expected stability (+0.8 ppts) and 3.5% expected declines (+1.3 ppts), indicating a modest reduction in inflation concerns.
Japan’s Consumer Confidence Index rose +0.5 pts to 35.8 in October 2025, marking a modest improvement with broad-based gains across all subcomponents.
- Overall livelihood increased +1.1 pts to 34.3, showing stronger sentiment toward household living conditions.
- Income growth perception rose +0.6 pts to 40.0, indicating slightly higher optimism about future earnings.
- Employment sentiment improved +0.2 pts to 40.1, suggesting stable confidence in job conditions.
- Willingness to buy durable goods edged up +0.1 pts to 28.9, remaining the weakest category but still improving marginally.
- Inflation expectations eased slightly, with 92.6% of respondents expecting prices to rise (down -0.8 ppts MoM), while 3.2% expected stability (+0.8 ppts) and 2.2% expected prices to fall (-0.1 ppt).
Japan’s Consumer Confidence Index rose +0.4 pts to 35.3 in September 2025, marking a modest improvement with gains in most components.
- Overall livelihood sentiment increased +0.5 pts to 33.2, indicating a slightly better household outlook.
- Income growth perception held steady at 39.4, showing no change from the previous month.
- Employment sentiment improved +0.6 pts to 39.9, pointing to firmer confidence in job conditions.
- Willingness to buy durable goods rose +0.8 pts to 28.8, though it remained the weakest category.
- Inflation expectations were unchanged, with 93.4% of households expecting prices to rise, while 2.3% expected declines (+0.6 ppt MoM).
Japan’s Consumer Confidence Index rose +1.2 pts to 34.9 in August 2025, marking a second month of improvement with gains across all major components.
- Overall livelihood sentiment increased +1.3 pts to 32.7, showing a modest rebound in household outlook.
- Income growth perception rose +0.9 pts to 39.4, while employment sentiment gained +1.7 pts to 39.3.
- Willingness to buy durable goods edged up +0.6 pts to 28.0, remaining the weakest category.
- Inflation expectations strengthened, with 93.4% of households expecting prices to rise (+1.0 ppt from July), while only 1.7% expect prices to fall.
Japan’s Consumer Confidence Index fell -0.8 pts to 33.7 in July 2025, reversing the rebound seen in prior months as sentiment weakened across all major categories.
- Willingness to buy durable goods declined -0.8 pts to 27.4, remaining the weakest component.
- Overall livelihood sentiment fell -1.0 pt to 31.4, and employment perception dropped -0.7 pts to 37.6.
- Income growth sentiment eased -0.4 pts to 38.5.
- Inflation expectations ticked up slightly, with 92.4% of households expecting prices to rise (+0.3 ppts from June).
Japan’s Consumer Confidence Index rose 1.7 pts to 34.5 in June 2025, rebounding for the second straight month but still at low levels historically.
- Willingness to buy durable goods saw the largest gain, rising 2.8 pts to 28.2.
- Overall livelihood sentiment rose 2.2 pts to 32.4, while employment sentiment increased 1.0 pt to 38.3.
- Perception of income growth edged up 0.6 pts to 38.9.
- Inflation expectations eased slightly, with 92.1% of households expecting prices to rise (-1.5 ppts from May).
Japan’s Consumer Confidence Index rose 1.6 pts to 32.8 in May 2025, rebounding from April’s decline but remaining at historically low levels.
- Overall livelihood sentiment rose 2.9 pts to 30.2, the largest monthly gain among components.
- Employment sentiment increased 1.6 pts to 37.3, while income growth perception edged up 0.8 pts to 38.3.
- Willingness to buy durable goods rose 1.2 pts to 25.4.
- Inflation expectations remain high, with 93.6% of households expecting prices to rise (+0.4 ppts from April).
Japan’s Consumer Confidence Index fell -2.9 pts to 31.2 in April, below expectations of the index remaining basically unchanged at 34 and the lowest since February 2023.
- Overall livelihood dropped -3.6 pts to 27.3, the weakest reading in over two years and the largest monthly decline since March 2022.
- Employment sentiment fell -3.5 pts to 35.7, the lowest since November 2022.
- Willingness to buy durable goods declined -3.1 pts to 24.2, the lowest since February 2023.
- Income growth perception slipped -1.3 pts to 37.5, the smallest drop among subcomponents.
- Inflation expectations remain high, with 93.2% of households expecting prices to rise, down -0.7 ppts from March.