Japanese consumer confidence declined more than expected in April, survey results from the Cabinet Office showed Monday.

The consumer sentiment index dipped to 33.1 from 38.6 in March. The consensus forecast called for a reading of 36.7 for April. At the same time, households' consumer sentiment came in at 33.4, down from 38.3 in March.

All the four sub-components of households' consumer confidence decreased on a monthly basis in April.

The indicator for overall livelihood dropped to 34.9 from 38.3. The assessment of income growth declined to 36.9 from 39.5, and employment fell significantly to 28.1 from 36.4. Willingness to buy durable goods declined to 33.5 from 38.8 in the prior month.
Japanese consumer confidence declined more than expected in April, survey results from the Cabinet Office showed Monday. (Market News Provided by RTTNews)