The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, was confirmed at 108.9 in June 2023, and after a final 109.1 in the previous month. The reading came amid the contraction in factory activity in June due to drops in new orders and output while service sector growth eased to a four-month low. source: Cabinet Office, Japan

Leading Economic Index in Japan averaged 102.80 points from 1985 until 2023, reaching an all time high of 120.30 points in November of 2013 and a record low of 81.10 points in July of 1986. This page provides - Japan Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Leading Economic Index in Japan is expected to be 111.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Leading Economic Index is projected to trend around 109.00 points in 2024 and 105.00 points in 2025, according to our econometric models.

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Japan Leading Economic Index



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-07 05:00 AM Leading Economic Index Prel Jun 108.9 109.1 109.5
2023-08-28 05:00 AM Leading Economic Index Final Jun 108.9 109.1 108.9
2023-09-07 05:00 AM Leading Economic Index Prel Jul 108.9 109.2


Related Last Previous Unit Reference
New Orders 1024.62 994.74 JPY Billion Jun 2023
Machinery Orders 2.70 -7.60 percent Jun 2023
Changes in Inventories 2489.10 668.20 JPY Billion Mar 2023
Coincident Index 115.10 114.30 points Jun 2023
Economy Watchers Survey 54.40 53.60 points Jul 2023
Leading Economic Index 108.90 109.10 points Jun 2023

Japan Leading Economic Index
In Japan, the Leading Composite Index consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The index anticipates changes in the direction of the Japanese economy in the coming months. In general, increase in the index reflects that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is used to make official judgement on when the business cycle begins and ends.
Actual Previous Highest Lowest Dates Unit Frequency
108.90 109.10 120.30 81.10 1985 - 2023 points Monthly
2020=100, NSA

News Stream
Japan Leading Index Inches Down in June
The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, was confirmed at 108.9 in June 2023, and after a final 109.1 in the previous month. The reading came amid the contraction in factory activity in June due to drops in new orders and output while service sector growth eased to a four-month low.
2023-08-28
Japan Leading Index Edges Down
The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, declined to 108.9 in June 2023 from a downwardly revised final 109.1 in the previous month, preliminary estimates showed. The reading came amid the contraction in factory activity in June due to drops in new orders and output while service sector growth eased to a four-month low.
2023-08-07
Japan Leading Index Revised Downward
The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, was revised lower to 109.2 in May 2023 from 109.5 in the preliminary estimate, and compared to a 108.1 in the previous month. This was the highest level since last November under a new base year of 2020, which replaced an old one of 2015. Expectations built that a recovery momentum in the Japanese economy would continue following stronger-than-expected growth during Q1 of the year.
2023-07-26