Economic Indicators16 hours ago (May 29, 2020 01:20AM ET)
(C) Reuters. The coronavirus disease (COVID-19) outbreak, in Tokyo
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.
Japan’s consumer mood higher in May but still ‘extremely severe’: government
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