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Economic news
27.05.2024

Japan's leading index appears higher than initially estimated in March

The final data from the Cabinet Office revealed on Monday that Japan's leading index, a gauge for the economy's performance months ahead, came in at 112.2 in March compared to a preliminary estimate of 111.4 and the February final reading of 112.1. This marked the highest reading since August 2022 (113.2). Economists had predicted the indicator to remain unrevised at 111.4.

Meanwhile, the coincident economic index for Japan, which reflects current economic conditions, was revised downwardly to 113.6 compared to the flash estimate of 113.9. The measure, however, was well above the February reading of 11.5 and represented the highest figure so far this year.

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