FX.co ★ Japan Coincident Index Revised Higher

Japan's coincident economic index, which monitors key indicators such as factory output, employment, and retail sales, rose to 115.9 in October 2025. This figure surpasses the preliminary reading of 115.4 and September's level of 114.9, reaching its highest point since June. The data indicates a moderate economic recovery, though U.S. trade policies continue to exert pressure, particularly on the automotive industry. However, private consumption is experiencing a mild uplift due to improvements in employment and income despite consumer sentiment remaining subdued. Business conditions have largely remained stagnant, with an increase in corporate bankruptcies and ongoing labor shortages. On the monetary side, the Bank of Japan maintained short-term interest rates in October, preserving the highest levels seen since 2008 and extending a pause in rate adjustments since the last increase in January.