Japan’s coincident indicator, a key gauge of current economic activity, declined further in December, underscoring a softening in the country’s short-term momentum. The index fell to -0.6% month-over-month in December 2025, down from a revised -0.4% in the previous month, according to data updated on 26 February 2026.
The month-over-month comparison shows that the pace of contraction has deepened, with December’s figure indicating a sharper deterioration than in the prior month. The previous reading of -0.4% reflected the change between November and December, while the latest -0.6% result captures a weaker performance when measured against November’s level.
The further decline in the coincident indicator suggests that Japan’s real-time economic conditions continued to lose traction at the end of 2025, reinforcing concerns about the resilience of the ongoing recovery and the near-term outlook for domestic activity.
