Consumer sentiment up in May
12:32 JST, June 2, 2022
TOKYO (Jiji Press) — Consumer sentiment in Japan improved for the second straight month in May, government data showed Tuesday, as social and economic activities were resuming amid falling coronavirus infections.
The seasonally adjusted consumer confidence index for households with two or more members rose 1.1 points from the previous month to 34.1, the Cabinet Office said in a survey report.
The Cabinet Office revised upward its basic assessment based on the monthly survey, saying that consumer sentiment showed signs of stabilizing. Its previous view was that the sentiment showed signs of weakness.
“There is a need to keep a close watch on implications for consumer sentiment coming from the Ukraine situation and a resurgence of the coronavirus in China,” a Cabinet Office official said.
In the May survey, meanwhile, the proportion of respondents who predicted prices would rise in a year edged up 0.7 points to 94.4%, hitting a record high for the fourth straight month.
"Business" POPULAR ARTICLE
-
Japan, U.S., Philippines to Strengthen Nickel Supply Chains; Reduce Reliance on China for Critical Minerals
-
Shinkansen to Have Private Rooms by FY 2026, JR Tokai Announces
-
Ride-Sharing Services Start in Tokyo; Kanagawa, Aichi, Kyoto, Others To Follow Suit
-
Survey: 80% Worried About Recognizing AI as Patent Inventor; Respondents Fear Increase in Unverified Inventions
-
Japan’s Docomo To Sell Contactless Smart Rings; Users Can Make Payments at the Wave of a Hand
JN ACCESS RANKING
- M6.0 Earthquake Hits Japan’s Tohoku Region; Fukushima, Iwate, Miyagi Prefectures Observe 4 on Japanese Scale With No Risk of Tsunami
- Cherry Blossoms Draw Crowd to Tokyo’s Ueno Park; Viewing Season Kicks Off to Slow Start
- China Mutes Memorialization of Reformer Hu Yaobang; Memories Could Spark Critique of Xi Administration
- Shinkansen Services Suspended After Man ‘Searches for Phone’ on Tracks; Disruption Affects About 14,000 Passengers
- Whaling Mother Ship Built in Japan for 1st Time in 73 Years