JP Consumer Confidence at Highest in Seven Years

Consumer confidence in Japan rose to its highest level in over seven years during the second quarter, a survey by market research firm Nielsen showed on Tuesday, as the country undergoes an economic revival led by Prime Minister Shinzo Abe.

Japan’s consumer confidence index rose five points to 78, its highest reading since the first quarter of 2006, according to Nielsen’s quarterly survey of consumer confidence and spending intentions.

However, that figure still trails behind the global average of 94. Index levels above and below a baseline of 100 indicate degrees of optimism and pessimism.


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