The Japanese economy will probably improve over the coming months, although at a slow rate, according to new figures from the government this morning. The Cabinet Office said its leading index for November, seen as an indication of economic conditions in the months ahead, came in at 72.2 - rising from 40.0 in October to above the critical reading of 50.0.
However, the coincidence index, which measures current conditions, fell to 33.3 from 90.0, while consumer spending also declined. Household spending fell 2.0pc in November from a year earlier after being flat in October, the government said. //www.fxcentre.com