Japan’s Consumer Confidence Tumbles by Most Since Covid Pandemic

Sentiment among Japan’s households deteriorated by the most since the early stages of the Covid pandemic following the outbreak of the war in Iran.

Confidence among multi-person households plunged to 33.3 in March from a revised 39.7 in the biggest drop since April 2020, according to a Cabinet Office report Thursday. The ratio of those expecting to see inflation a year from now jumped to 93.1%, the highest since September, it showed.