Japan's leading economic index saw a slight improvement in May, surpassing initial estimates, according to data released by the Cabinet Office on Friday.
The leading index, an indicator of future economic activity, edged up to 111.2 in May from 110.9 in April. Initially, the flash report had pegged the index at 111.1.
At the same time, the coincident index, which reflects the current economic situation, jumped to a 56-month high of 117.1 in May, compared to 115.2 in the previous month. The preliminary reading for May had been 116.5.
Additionally, the lagging index, which measures past economic performance, rose to 108.2 in May, up from 106.1 in April. This figure was revised upward from the initially reported 108.0.
