FX.co ★ Japan Leading Index Declines In November

Japan's leading and coincident indices both saw declines in November, as indicated by preliminary figures released on Friday by the Cabinet Office. The leading index, a predictive measure of economic activity, fell to 107.0 in November, down from 109.1 in October. The last time a similarly low figure was recorded was in August. The drop was anticipated to be slightly less steep, with forecasts predicting a level of 107.2. Similarly, the coincident index, which reflects the present economic situation, decreased to 115.3 from 116.8 in the previous month. In contrast, the lagging index showed an improvement, rising to 108.7 in November from 107.5 in October.