Japan – consumer confidence up again
Consumer confidence rose again in February, despite inflation expectations in the survey staying high. That hints at rising real wages. This makes a recovery in domestic consumption more likely, and if that occurs, the economy this year will be stronger this year than the BOJ expects.
![Japan – consumer confidence up again](/content/images/size/w2000/2024/03/Japan--consumer-confidence-and-inflation-expectations-4.png)