FX.co ★ Japan’s Coincident Indicator Rebounds in September, Signaling Stabilizing Economic Activity

Japan’s coincident indicator moved back into positive territory in September 2026, suggesting a stabilization in current economic conditions after a notable contraction a month earlier.

According to data updated on 09 November 2026, the coincident indicator rose to 0.7% month-over-month in September, following a -1.8% decline in August 2026. The figures are based on a month-over-month comparison, where the “actual” value reflects the change in September relative to August, and the “previous” value captures the change in August compared with July.

The shift from negative to positive territory indicates that Japan’s economic activity, as captured by the composite coincident index, has improved on the margin, easing concerns raised by the sharp drop recorded in August.