FX.co ★ Japan Leading Index Unrevised At 18-Month High

The leading economic indicator in Japan managed to reach its highest level in eighteen months, just as initially approximated in February, according to recent data from the Cabinet Office that was released this Thursday. The leading indicator, a predictor of future economic performance, escalated to 111.8 in February, a noticeable rise from 109.5 in the previous month. This result mirrored the preliminary data issued on April 5.

Moreover, this was the highest level since August 2022, when the index was marked at 112.9. On the flip side, the coincident index, which assesses the current state of the economy, dwindled down to 111.6 from 112.3 a month before. The primer calculation for this score was 110.9. Lastly, the lagging index, which reviews past economic performance, increased to a promising 106.8 in February, a surge from 105.2 noted in the month prior. However, the latest score was subsequently adjusted downward from 107.4.