Japan Consumer Confidence Reaches Fifteen Year High

18 April 2006

    TOKYO - Japanese consumers were more confident in March than at any time in nearly fifteen years, a government survey indicated Monday, underscoring a strong economic recovery.
    The Cabinet Office survey's sentiment index for general households, which includes consumers' views on income and jobs, stood at 48.2 in March, up from a revised 47.9 in December on a seasonally adjusted basis.
    It was the highest since June 1991 when the adjusted index, which is released quarterly, stood at 48.7. The government reiterated its assessment that consumer confidence is on an improving trend.