FX.co ★ Japan Consumer Morale Drops from 19-Month High

Japan's consumer confidence index saw a slight dip to 37.2 in December 2025, down from November's peak of 37.5, which marked the highest in 19 months, and fell short of market expectations of 37.8. This downturn was primarily due to declines across key components: the overall livelihood index dropped to 35.9 from 36.2, the employment outlook slipped to 41.5 from 41.7, and the willingness to buy durable goods fell to 30.2 from 30.9. Conversely, perceptions of income growth showed improvement, rising to 41.2 from November's 40.0.