Japan's consumer confidence better than expected
Japan's consumer confidence improved more-than-expected in June to the strongest level in five months, survey results from the Cabinet Office showed Friday.
The consumer confidence index rose to 41.8 in June from 40.9 in the previous month. Economists had expected the index to climb to 41.1.
The latest reading was the highest since January this year, when it marked 42.3.
Among components, the index for overall livelihood climbed to 40.4 in June from 39.7 in May. Similarly, the employment index increased to 43.7 from 42.9.
The index measuring income growth and the gauge for willingness to buy durables also improved during the month.
The survey was conducted among 8,400 households on June 15.