Japan's consumer mood higher in May but still 'extremely severe': government - Metro US

Japan’s consumer mood higher in May but still ‘extremely severe’: government

The coronavirus disease (COVID-19) outbreak, in Tokyo

TOKYO (Reuters) – Japan’s consumer confidence index rose slightly in May but stayed near a record low as the new coronavirus pandemic took a heavy toll on the economy, a Cabinet Office survey showed on Friday.

The survey’s sentiment index for general households – which includes views on incomes and jobs – rose to 24.0 in May from April’s 21.6, which was a record low.

A reading below 50 suggests pessimism.

The government upgraded its view on the index, saying it “remains extremely” severe although there is sign of a halt in its decline.

(Reporting by Kaori Kaneko; Editing by Chris Gallagher)

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