Japan's Consumers Most Upbeat In 16 Years

May 16, 2006
Thanks to improving employment and wage conditions, Japanese consumers are at their most confident in 16 years , a government survey showed May 16. The index of confidence among households with at least two people rose to 50 in April, up 2.1 points from ...

Thanks to improving employment and wage conditions, Japanese consumers are at their most confident in 16 years , a government survey showed May 16. The index of confidence among households with at least two people rose to 50 in April, up 2.1 points from March and the strongest since June 1990 when it reached 50.3, the Cabinet Office said. A reading above 50 indicates that optimists outnumber pessimists.

The index is based on replies to a survey asking about four aspects of consumer sentiment -- perception of general economic well being, income growth, employment conditions and willingness to purchase durable goods.

Confidence is growing that Asia's largest economy is finally on a solid recovery path after a long slump, with the unemployment rate at a seven-year low of 4.1%.

Consumer spending underpins 55% of the economy and its expansion has played a key role in pulling Japan out of the economic doldrums.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!