Japan's consumer mood higher in May but still 'extremely severe': government
FILE PHOTO: A woman wearing a protective face mask walks past a luxury brand store at a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 25, 2020. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) - Japan's consumer confidence index rose slightly in May but stayed near a record low as the new coronavirus pandemic took a heavy toll on the economy, a Cabinet Office survey showed on Friday.
The survey's sentiment index for general households - which includes views on incomes and jobs - rose to 24.0 in May from April's 21.6, which was a record low.
A reading below 50 suggests pessimism.
The government upgraded its view on the index, saying it "remains extremely" severe although there is sign of a halt in its decline.
(Reporting by Kaori Kaneko; Editing by Chris Gallagher)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Explainer-What is 'Taiwan independence' and is Taiwan already independent?
- Polymarket sues New York attorney general to block regulation of its prediction market
- Nepal seeks grants, not loans, for flood recovery after deadly glacier disaster
Create E-mail Alert Related Categories
ReutersRelated Entities
Consumer Confidence IndexSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share