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Japan's consumer confidence in Nov. up 1.3 points

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(Globalpost/GlobalPost)

Japan's consumer confidence in Nov. up 1.3 points

TOKYO, Dec. 10 (Xinhua) -- Japan's consumer confidence in November gained 1.3 points from the previous month to 42.5 as stock prices recovered after falling sharply in October, the government said Tuesday.

The Cabinet office left its basic assessment of the index intact, saying consumer confidence is "on an improving trend." Readings below 50 usually indicate pessimists outnumber optimists.

The other three components of the index were also up in the reporting period. Consumers' view of income growth rose 1.9 points to 39.6 as hopes grew for increases in winter bonuses given recent improvement in corporate profits, a Cabinet office official said.

The confidence index for "living conditions" and "employment environments" also showed upbeat trends.

According to the survey, 89.2 percent of households expect consumer prices to rise in the year ahead, down 0.3 point from October, as gas prices and electricity charges slid in November, the official said.

The survey covered 8,400 households consisting of two or more people and received more than 5,780 responses.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/131210/japans-consumer-confidence-nov-13-points