Japan’s Consumer Sentiment Sours as Energy Costs Surge and Stock Volatility Amplifies the "Negative Wealth Effect"
A new report from Itochu Research Institute, published on April 9, 2026, reveals a sharp deterioration in Japanese consumer sentiment for March 2026, driven by a spike in energy prices and geopolitical instability in the Middle East. Analysts warn that the impact of stock market volatility on private consumption—the