Japan: Consumer sentiment drops sharply following decision to hike sales tax

Consumer sentiment plunged from 45.4 points in September to 41.2 points in October, marking the lowest reading in 10 months. The print undershot market expectations of a rise to 45.5 points. The consumer confidence index measures consumers’ expectations over the next six months on a scale of 0-100, where 100 points indicates that all respondents see their living standards improving.

Read more about Japanese Consumer Confidence.

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