6 August 2001, 09:28 Japan June leading index shows economic conditions worsening
Tokyo, Aug. 6 (BridgeNews) - Japan's index of leading indicators,
which shows economic conditions two to six months ahead, fell to 37.5 in
June, compared with a revised 70.0 in May, the Economic and Social
Research Institute at the Cabinet Office said. Also, the index of
coincident indicators, which roughly shows current economic conditions,
stood at 31.3 in June, compared with 30.0 in May. If the leading index
stays above 50.0 for three consecutive months, the economy usually enters
an expansion phase within the following 3 months, economists here said.
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