Japan Leading Economic Index

Last Release

Oct 31, 2024

Actual

109.1

Units In

Points

109.1

Frequency

Monthly

Next Release

Jan 27, 2025

Time to Release

1 Months 0 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
112.2 Mar 2024	72.5 Jul 1986	92.75 Points	1985-2024	N/A

In Japan, the Leading Composite Index consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The index anticipates changes in the direction of the Japanese economy in the coming months. In general, increase in the index reflects that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is used to make official judgement on when the business cycle begins and ends.

Latest Updates

Japan’s leading economic indicators index, which gauges the economic outlook for the coming months based on data such as job offers and consumer sentiment, stood at 109.1 in October 2024, topping preliminary data of 108.6 and September's reading of 108.9. It was the highest print since July, bolstered by record-high employment and higher wages. The employment situation at private employment agencies during the month was on a moderate upward trend, according to the Cabinet Office. Meanwhile, the number of new job offers at public employment and the active job openings to applicants remained relatively stable. Simultaneously, private consumption picked up in October, although it remains somewhat sluggish in certain areas. Regarding consumer mood, it declined from a five-month high in September.