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Japan Macro Flash

Japan: Consumer confidence Survey (February 2021)

The Consumer Confidence Survey of February 2021 was released on March 4th, 2021 

1. Consumer Confidence Index, Consumer Perception Indices

  • The Consumer Confidence Index (seasonally adjusted series) in February 2021 was 33.8, up 4.2 points from the previous month.
  • The categories of the Consumer Perception Indices (seasonally adjusted series), which are comprised of the Consumer Confidence Index in February are as follows;
        Overall livelihood: 36.3 (up 4.1 from the previous month)
        Income growth: 35.4 (up 1.9 from the previous month)
        Employment: 27.5 (up 6.4 from the previous month)
        Willingness to buy durable goods: 36.1 (up 4.5 from the previous month)

2. Price expectations a year ahead

  • The percentage of a group who expect “Go up” in February was 69.8%, an increase of 4.4% points from the previous month.
  • The percentage of a group who expect “stay the same about 0%” in February was 16.9%, a decrease of 1.1% points from the previous month.
  • The percentage of a group who expect “Go down” in February was 9.4%, a decrease of 2.4% points from the previous month.

Source: Cabinet Office / eStat, original press release