Latest data released by the Japanese Cabinet Office - 5 July 2019
- Prior 95.9
- Coincident index 103.2 vs 103.1 expected
- Prior 102.1
Slight delay in the release by the source. The drop in the leading index here sees it fall to its weakest level since December 2012 and continues to underscore the weakness seen in the Japanese economy this year.
The BOJ may still be putting on a confident facade for now but Q2 economic conditions have continued to stay lacklustre for the most part and the data here adds to that notion.
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.
