TOKYO, Apr 17: Japanese consumer confidence improved in March to the highest level in almost six years, a Cabinet Office survey showed on Wednesday, indicating that aggressive government and central bank policies are having their desired effect.
The survey’s sentiment index for general households, which includes views on incomes and jobs, was 44.8 in March, which was the highest since May 2007. That was also up from a revised 44.2 in February.
The Cabinet Office upgraded its view on the consumer sentiment index saying it is showing signs of improvement. That compared with its previous view that sentiment was picking up.
A reading below 50 suggests consumer pessimism.
The survey began in 1982. ‘General households’ are those with two or more people.
(AGENCIES)_
Follow our WhatsApp channel