The Economic and Social Research Institute (ESRI) of the Cabinet Office released the Consumer Confidence Survey results for June 2025 on July 1, 2025. According to the survey results, consumer sentiment is showing signs of recovery, leading to an upward revision of the basic assessment.
This survey was conducted among approximately 8,400 households nationwide, investigating consumers' outlook for the next six months. The Consumer Confidence Index comprises four consumer sentiment indicators: "Overall Livelihood," "Income Growth," "Employment Conditions," and "Timing of Purchases of Durable Goods," each reflecting consumers' future expectations.
Particularly noteworthy are the improvements in the "Overall Livelihood" indicator, which is sensitive to real wage trends and price inflation impacts, and the "Employment Conditions" indicator, which captures the supply-demand balance in the labor market from a consumer perspective. The timing of purchases of durable goods also shows an improving trend, suggesting a recovery in purchasing appetite for high-value items such as automobiles and home appliances.
Regarding price outlook, consumer inflation expectations are formed against the backdrop of the Bank of Japan's monetary policy, international resource price trends, and exchange rate fluctuations. By household attributes, younger generations show high interest in employment conditions and expectations for future income growth, while elderly households express concerns about the impact of price inflation on their pension-based livelihood.
These survey results function as a leading indicator for major economic indicators such as GDP growth rate and personal consumption, serving as an important reference for economic policy formulation. The improvement in consumer sentiment represents a significant signal suggesting the sustainability of future economic growth.