Latest data released by the Japanese Cabinet Office - 7 September 2018
- Prior 104.7; revised to 104.6
- Coincident index 116.3 vs 115.7 expected
- Prior 116.4; revised to 116.9
Slight delay in the release by the source. A dip relative to June for the leading index. Though not a major release but it is an indicator of sentiment and that's not a good start to Q3 data for Japan. Though the yen should stay underpinned on the day as the market focus is still on the trade rhetoric right now.
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.
