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Data from Cabinet Office of Japan. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Consumer Confidence Households climbed to 44.3 in March 2013
Cabinet Office of JapanMonthlyReleased March 2013
Japan Consumer Confidence Households climbed to 44.3 in March 2013, up 1 from February's 43.3 reading. The reading matched the 43 consensus.
Latest Release
44.3
Actual
43
Consensus
43.3
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence Households (Japan) was reported at 44.30 in March 2013. This beat the market consensus of 43.00 by 1.30. The reading rose from the previous value of 43.30. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Consumer Confidence Households - JP
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About Consumer Confidence Households — Japan
DEFINITION
Consumer Confidence Households is a financial indicator that measures the level of optimism or pessimism that households have about the overall state of the economy and their personal financial situation. It is based on surveys and data collected from a representative sample of households, and is used to gauge consumer spending and economic trends. A high level of consumer confidence indicates a strong economy and potential for increased consumer spending, while a low level may signal a weakening economy. This indicator is closely monitored by economists and policymakers as it provides valuable insights into consumer behavior and sentiment.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 44.3, consensus 43.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.