Latest data released by the Japanese Cabinet Office - 5 April 2019
- Prior 96.5
- Coincident index 98.4 vs 98.9 expected
- Prior 98.1
Slight delay in the release by the source. A minor improvement to the leading index after it fell to its lowest level since September 2016 in January. It's nothing to get too excited about as it doesn't really detract from the fact that economic conditions are still relatively softer to start the new year in Japan.
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.
