FX.co ★ Japan Leading Index Revised Lower

Japan’s leading economic index, which tracks the outlook for the coming months using indicators such as job offers and consumer sentiment, registered 112.1 in January 2026. This was slightly below the preliminary figure of 112.4 but above the downwardly revised 110.4 recorded in December. The latest reading marked the highest level since July 2022, highlighting a gradual improvement in the economic outlook. Labor market conditions remained robust, with the jobs-to-applicants ratio staying high and indicating continued strong demand for workers. At the same time, consumer confidence rose to a 21-month peak in January, as concerns over persistent cost pressures eased in the wake of Tokyo’s large-scale stimulus program aimed at supporting household spending and stabilizing growth.