Latest data released by the Japanese Cabinet Office - 9 May 2018
- Prior 106.0; revised to 105.9
- Coincident index 116.4 vs 116.4 expected
- Prior 116.1; revised to 116.0
Slight delay in the data release by the source.
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.
Though a minor data point, the declining trend to since the end of last year points to a less than encouraging start to 2018 for the Japanese economy.
