Latest data released by the Japanese Cabinet Office - 5 October 2018
- Prior 103.9
- Coincident index 117.5 vs 117.4 expected
- Prior 116.1
A slight uptick in the headline reading but this is very much low-tier data. With the market focused on the US payrolls to come, this isn't going to do much to impact the yen (not like it ever does anyway).
The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually - so there isn't much of an impact on this release.
The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the number.
