Japan Consumer Confidence Index October 2007

Japanese consumer confidence fell in October, and to the lowest levels in three years. I guess there is nothing especially surprising about this given everything else we have been seeing of late, but it is another data point.



Japan in fact maintains two separate consumer confidence indexes, one is an index that measures confidence among households with two or more people, and this slid to 42.8 points in October from 44.1 in September, according to data from the Cabinet Office, while the other, which measures confidence among consumers including single-person households slid to 42.9 last month from 44.1 in September. Whichever way you look at it confidence is falling.

In fact all the sub indexes are also down, with concern being expressed about price rises in basic consumer products like food (despite the general deflationary environment) and about wages and employment conditions.