26 Aug Japan Leading Economic Index
Posted at 21:15h in Japan
Leading Economic Index in Japan decreased to 93.30 Index Points in June from 94.90 Index Points in May of 2019. Leading Economic Index in Japan averaged 93.11 Index Points from 1985 until 2019, reaching an all time high of 108 Index Points in April of 2006 and a record low of 72.50 Index Points in February of 2009. In Japan, the Leading Composite Index consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The index anticipates changes in the direction of the Japanese economy in the coming months. In general, increase in the index reflects that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is used to make official judgements on when the business cycle begins and ends.
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