Japan’s Cabinet Office released its consumer confidence index on Tuesday. The consumer confidence index declined to 40.1 in February from 42.5 in January, missing expectations for a fall to 42.3. It was the lowest level since January 2015.
The decrease was driven by declines in all sub-indexes. The overall livelihood sub-index decreased to 38.5 in February from 40.9 in January, the income growth sub-index was down to 39.8 from 41.2, the employment sub-index fell to 42.1 from 45.8, while the willingness to buy durable goods sub-index dropped to 39.9 from 42.0.
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