Tokyo: Sentiment among Japanese individuals about current economic conditions deteriorated in September from three months earlier in the aftermath of the March earthquake and tsunami and amid the recent strength of the yen, the Bank of Japan said.
The diffusion index of confidence among individuals dropped to minus 62.4 from minus 59.5 in the June survey, the second straight quarterly deterioration, the central bank said on Monday. The result was the lowest since December 2009, when it stood at minus 67.0.
The index is computed by subtracting the percentage of individuals reporting deterioration from a year earlier, from those observing improvement.
On prospects, another index measuring confidence about the economy a year ahead registered a miniscule improvement -- to minus 29.2 from minus 29.6.
The BOJ polled 4,000 people aged 20 or older nationwide between August 10 and September 5, of whom 2,226 or 55.7 percent provided valid responses.