Japan's Leading Index Falls For Fourth Month

Japan's Leading Index Falls For Fourth Month


Japan's leading economic index declined for a fourth consecutive month in July, final data released by the Cabinet Office showed Wednesday.
The leading economic index, which is designed to measure the direction of the economy in the months ahead, fell to 93 in July from 94.1 in June. The readings for July and June were revised up from 91.8 and 93.2respectively.
The coincident index, which measures the current economic activity, dropped to 93.8 in July from 94.9 in June, after being revised from 92.8 and 94.1 respectively.
At the same time, the lagging index edged down to 86.7 from 86.8 in the previous month, the agency said. The preliminary figures were 86.3 for July and 86.6 for June.