Latest data released by the Japanese Cabinet Office - 7 August 2018
- Prior 106.9
- Coincident index 116.3 vs 116.2 expected
- Prior 116.8
Slight delay in the release by the source. A slight downtick in economic conditions for June, but nothing major. The wages data that we had in the Asian session will overshadow this but as with all Japanese data releases, they don't tend to produce much (or any) of a reaction either way.
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.
