• Bloomberg


Higher gasoline prices and food costs have eroded the spending power of Japanese consumers and sent them to their most pessimistic level ever, according to records that have been kept for the past 26 years.

The sentiment index dropped to 32.6 last month from 33.9 in May, the Cabinet Office said Friday, the lowest mark since the government began compiling the figures in 1982.

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.