A measure of peoples’ assessment of the Japanese economy declined more-than-expected in June, survey data from the Cabinet Office showed Wednesday.
The current index of the Economy Watchers’ survey dropped notably by 2.3 points to 51.0 in June from 53.3 in the prior month. Economists had forecast the index to fall slightly to 53.0.
It was the second consecutive decline and the latest reading was the lowest since February, when the it marked 50.1.
Any reading above 50 indicates optimism and a score below 50 suggests pessimism.
The outlook index also dropped to 53.5 in June from 54.5 in May. The expected score was 54.0. In April, the reading was 54.2
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