The leading index for Japan, which measures the future economic activity, decreased as expected in May after rising in the previous two months, figures from the Cabinet Office showed Monday.
The leading index fell to 106.2 in May from 106.4 in April. The latest figure came in line with economists’ expectations. In March, the reading was 105.2.
The coincident index that reflects the current economic activity dropped notably to 109.2 in May from 111.0 in the prior month. Economists had expected the index to fall to 109.1.
Meanwhile, the lagging index that indicates the past economic activity, climbed to 125.8 in May from 125.2 in the preceding month.
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