Track the JN Leading Indicators to gauge future economic trends in Japan. Updated formula since Jul 2023 enhances accuracy.
This index aims to forecast economic trends, though its influence is often limited as most indicators are published prior to its release. A revised version of this index is issued approximately 20 days later, but it is not considered significant enough to be included. The source updated the series from a diffusion index to a composite index in June 2008 and revised the calculation methodology in July 2023.
What it Measures
A composite index level derived from 11 economic indicators.
Usual Effect
'Actual' results exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Cabinet Office (latest release) - https://www.cao.go.jp/index-e.html • Published monthly, roughly 35 days after the end of the previous month.
How Data is Derived
Combined reading of 11 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads
Also Known As
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