Japan's Cabinet Office released its consumer confidence index on Monday. The consumer confidence index declined to 40.3 in July from 41.7 in June. It was the lowest level in six months.

The decline was driven by falls in all sub-indexes. The overall livelihood sub-index fell to 38.1 in July from 39.4 in June, the income growth sub-index was down to 39.6 from 40.3, the employment sub-index dropped to 44.7 from 47.3, while the willingness to buy durable goods sub-index decreased to 38.8 from 39.9.