The Conference Board Leading Economic Index® (LEI) for Japan increased 0.2 percent in February to 103.9 (2010 = 100), following no change in January, and a 0.1 percent increase in December.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, declined 0.2 percent in February to 98.5 (2010 = 100), following a 0.5 percent increase in January, and a 0.4 percent increase in December.
The Conference Board LEI for Japan increased in February. The growth of the LEI has improved considerably compared to six months ago and the strengths among its components are widespread. Despite the decline in the CEI, its six-month growth rate remains in positive territory with all components advancing over the past six months. Taken together, the behavior of both indexes suggests that the recovery in current economic activity will continue in the short-term.
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