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Japanese consumer confidence drops again


Japanese consumer confidence drops again


Consumer confidence worsened in Japan in December, according to a survey released by the Bank of Japan.

It was the sixth straight month that it has slipped, the longest such run on record.

Consumer sentiment dropped to 40.2 from 40.6 in the previous month.

The consumer confidence index is calculated from consumers responses to questions which include their living conditions and spending outlook for the next six months.

At the same time, the country’s central bank cut its assessment for seven out of nine regional Japanese economies in its quarterly report saying that was because of weaknesses in exports and factory output.

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