Japan’s consumer morale improved as expected in June, after falling slightly in the prior month, survey figures from Cabinet Office showed Friday.
The consumer confidence index rose to 41.7 in June, in line with expectations, from 41.3 in May. in April, the score was 41.5.
All the four sub-indicators contributed positively to the index in June. The overall livelihood indicator rose by 0.6 points to 40.3 in May and income growth rose marginally to 47.3 from 47.2.
Indicator for employment came in at 39.9 in May, up from 39.6 in the preceding month and willingness to buy durable goods moved up to 43.7 from 43.1.
In June, about 87.3 percent of the people surveyed expect prices to go up in the next twelve months, down from 0.1 percent from May.
Those expecting prices to go down was 3.2 percent, an increase of 0.3 percent from the previous month, while those anticipating prices to stay the same about 0 percent rose 0.3 percentage points to 7.4 percent.
The material has been provided by InstaForex Company – www.instaforex.com