FX.co ★ Japan Consumer Morale Highest in 21 Months

In January 2026, Japan's consumer confidence index rose to 37.9, up from 37.2 in December. Although this figure was slightly below market expectations of 38, it represented the highest level since April 2024. All components of the index showed improvement: overall livelihood increased to 36.8 from 35.9 in December 2025, the employment outlook improved to 42.4 from 41.5, willingness to purchase durable goods rose to 30.4 from 30.2, and income growth climbed to 42.0 from 41.3.