Japan’s Consumer Confidence Improved In June

Japan’s consumer sentiment rose to 43.5 in June, from 42.8 in May and a low of 37.6 in December last
year. This was the sixth straight month of improving and the highest level in more than two years, suggesting
that consumers are feeling more upbeat, on the back of a sustained increase in exports. As a result, consumers
expect job market to improve and income to rise. Indeed, consumers have turned more optimistic in buying
durable goods during the month. As a whole, an improvement in consumer confidence will help to support the
country’s consumer spending.