Japan’s consumer confidence index declined to 33.7 in July 2025, down from June’s four-month high of 34.5, and below market forecasts of 35.1. The downturn was weighed by deterioration across all components: overall livelihood (31.4 vs 32.4 in June), income growth expectations (38.5 vs 38.9), employment outlook (37.6 vs 38.3), and willingness to purchase durable goods (27.4 vs 28.2).