The Conference Board Leading Economic Index® (LEI) for Japan increased 0.4 percent in June to 103.0 (2010 = 100), following a 0.2 percent decline in May, and no change in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.6 percent in June to 98.3 (2010 = 100), following a 0.2 percent decline in May, and a 0.1 percent decline in April.
The Conference Board LEI for Japan increased in June after being on a gradual downward trend since the beginning of the year. However, its six-month growth rate remains in negative territory. The CEI also improved, and its six-month growth rate is now in positive territory. Taken together, the recent behavior of both indexes suggests that the growth in economic activity should continue, but is unlikely to gain momentum in the short-term.