BUSINESS / Economy

Despite virus, China's consumer confidence remains robust; Japan faces biggest hit

A customer looks at vegetables at a market in Shenyang in northeastern China on Monday. A survey shows that Chinese consumer sentiment has remained relatively strong compared with that in many countries hit by the coronavirus outbreak, including Japan. | AFP-JIJI

Bloomberg

Mar 10, 2020

The coronavirus is increasingly weighing on global consumer sentiment, but its impact can vary greatly.

Take Japan. The outbreak here has been mild, but consumer confidence has taken the biggest hit among major economies, according to daily tracking surveys in 12 countries by Morning Consult, a data-intelligence provider.

The main reason is that Japanese shoppers were already quite negative thanks to a sluggish economy and the October increase in the consumption tax.

Despite virus, China's consumer confidence remains robust; Japan faces biggest hit

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