Consumer sentiment in Japan continued to decline towards the end of the third quarter, as all categories witnessed a drop. Livelihood, as an overall measure, decreased by 0.9 points to reach 32.0. The indicator for income growth also fell by 0.3 points to 38.7, while employment sentiment dropped by 1.6 points to 41.1. Additionally, the willingness to purchase durable goods decreased by 1.0 point to 29.0.
The decline in consumer sentiment across all categories reflects the ongoing economic challenges faced by the Japanese population. The decreasing livelihood indicator suggests that individuals are experiencing difficulties in meeting their basic needs and maintaining their overall quality of life. The decline in income growth and employment sentiment further highlights the concerns around job stability and financial security.
This downward trend in consumer sentiment is also influencing the willingness of individuals to purchase durable goods. The decrease of 1.0 point in this category indicates a reluctance among consumers to make significant investments in long-lasting products. These findings suggest that the economic conditions in Japan are negatively impacting consumer confidence and purchasing behavior, potentially leading to further economic challenges in the near future.