The Conference Board Leading Economic Index® (LEI) for Japan declined 0.2 percent in October to 102.5 (2010 = 100), following a 0.7 percent decline in September, and a 0.1 percent decline in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.2 percent in October to 98.7 (2010 = 100), following a 0.4 percent increase in September, and a 0.1 percent decline in August.
The Conference Board LEI for Japan has declined four months in a row and its six-month growth rate has fallen deeper into negative territory. The latest weakness in the LEI suggests that the economic recovery will likely remain modest going into the new year.
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