Japan: Consumer confidence improves in June
The consumer confidence index came in at 28.4 in June, up from May’s 24.0. As a result, the index—which measures consumer expectations about the economy for the next six months—moved closer to, but remained below, the 50.0-threshold, which separates pessimism from optimism among consumers.
The headline print reflected an improvement in consumers’ assessments of employment opportunities and less pessimism regarding their future income growth.