Latest data released by the Japanese Cabinet Office - 27 May 2019
- Coincident index 99.4 vs 99.6 prelim
Slight delay in the release by the source. Preliminary figures can be found here. The drop in the revised reading further confirms the real sluggishness seen in the Japanese economy in Q1, with the index slipping to its lowest level since April 2016.
Nonetheless, the sentiment has already been factored in during the Q1 GDP release so the data here is mainly a reminder that the Japanese economy is skating on thin ice currently.
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.
