Japan Leading Economic Index

Last Release

Jan 31, 2025

Actual

108.3

Units In

Points

108.3

Frequency

Monthly

Next Release

Apr 25, 2025

Time to Release

28 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
112.2 Mar 2024	72.5 Jul 1986	92.84 Points	1985-2025	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, was revised higher to 108.3 in January 2025 from preliminary estimates of 108.0. However, the latest reading remained the highest since last October, rising from 107.9 in December 2024, as annual household spending rose for the second consecutive month, despite easing from December 2024 levels. Meanwhile, the unemployment rate inched up to 2.5% in January, with employment showing a moderate upward trend to a new high. On the other hand, consumer sentiment weakened to its lowest level since March 2023.