— Japan Jan Leading Index Unrevised +1.1 Pt M/M

TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, fell a revised 0.3 point to 92.7
(preliminary -0.5 point, 93.1) in January, following a sharp rise
in the previous month, Cabinet Office data showed on Friday.

As seen in preliminary data, the coincident CI posted the first
fall in two months after a revised 2.9 point surge in December.

In January, five out of the 11 sub-indexes comprising the
coincident index fell. They included shipments of industrial goods
and those of capital goods.

The composite index was set at 100 in the 2005 base year.

Other details from the latest data follow:

The leading composite index, which measures the state of the
economy three months ahead: Jan revised 94.4 (+1.1 points m/m) vs.
preliminary 94.9 (+1.1 point), posting a third straight rise.

The lagging CI, which reflects economic conditions three months
ago: Jan revised 83.8 (-2.5 point m/m) vs. preliminary 81.1 (-2.8
point), marking the first fall in three months.

** Market News International Tokyo Newsroom: 81-3-5403-4835 **

[TOPICS: M$J$$$,M$A$$$,MAJDS$]