Asia

Friday, July 5, 2019 - 01:21

MNI DATA IMPACT: Japan Jun Sentiment Down, L/T Infl Outlook Up


--BOJ June Consumer Sentiment Diffusion Index Down 5.8 To -25.0

TOKYO (MNI) - The Bank of Japan's quarterly consumer survey saw sentiment fall from three months ago, as judged by income, business conditions and economic data, the latest release showed.

These are the key points from the survey, published Friday:

--The BOJ's consumer sentiment diffusion index for the current climate fell 5.8 points to -25.0 in June, the fourth straight quarterly drop after falling 4.9 points to -19.2 in March. More people said sentiment worsened, judging from income, business conditions and economic data.

--The consumer sentiment outlook index projecting conditions a year ahead marked the first drop in two quarter, down 5.5 points to -36.1 in June after rising 1.4 points at -30.6 in March.

--The BOJ survey also showed that the percentage of respondents expecting prices to rise in the next year stood at 80.5% in June, up from 78.7% in March. Just 2.5% of those responding said prices would fall in the next year, down from 2.6% three months earlier. Those saying prices would be little changed 12 months ahead slipped to 16.6% from 18.1%. The median CPI forecast stayed at +3.0%.

--Looking five years ahead, 83.4% said prices would rise, up from 82.3% three months earlier. Meanwhile, 4.1% of respondents expect prices to fall, compared with 4.2% in March. Those saying prices would be little changed fell to 10.9% from 11.4%. The median forecast stayed at +2.0%.

--The survey was conducted between May 9 and June 4 and of the 4,000 people polled, 2,050, or 51.3%, responded to the BOJ survey.

--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: MAJDS$,M$A$$$,M$J$$$]

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