Japanese Consumer Sentiment Drops In July

(RTTNews) - Japanese consumer sentiment fell in July to 43.4 from 43.6 in June, a survey carried out by the Cabinet Office showed Thursday. The expected reading was 43.9. Households' consumer sentiment, at the same time, came in at 43.3, down from 43.5 in June.

Among the sub indicators of households' consumer confidence, only one indicator improved from the prior month. Overall livelihood fell to 43.2 from 43.6 and income growth slipped slightly to 41.5 from 41.6. The indicator for willingness to buy durables showed a reading of 46.7 compared to 47.2 in the previous month. Meanwhile, employment rose to 41.8 from 41.4.