Consumer confidence about the nation’s economic conditions for the remainder of the year plunged in August to a record low, Nippon Research Institute said Monday.

The consumer sentiment index, designed to rise above 100 when a majority of consumers expect worse economic conditions in the year ahead, jumped 16 points from June to 148, hitting its highest level since the Cabinet Office-affiliated institute began its bimonthly survey in April 1977, NRI said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.