Japan’s Coincident Indicator weakened in February 2026, pointing to a further loss of economic momentum. The index fell by 1.8% month-over-month, compared with a 1.6% decline in the previous month, according to data updated on 27 April 2026.
Both the current and previous readings are negative, but the deeper contraction in February underscores a gradual deterioration in coincident economic activity. On a month-over-month basis, the latest result shows that the economy slowed more sharply in February than it did in the prior month, when the indicator had already declined by 1.6% from the month before.
The coincident index aggregates several real-time economic measures and is closely watched as a gauge of the current state of Japan’s economy. The back-to-back month-on-month declines suggest that underlying conditions remained fragile through February 2026.
