Japan's index of leading economic indicators for July was revised down to 45.5 from 50.0 in the preliminary reading, the Cabinet Office said. A reading above 50 indicates an economic expansion over the next three to six months, while a reading below 50 suggests contraction. That compares to a reading of 63.6 in June. The leading index is based on 12 indicators, of which data for 11 were available for the July revision, with five pointing towards expansion and six suggesting contraction. The coincident index, which measures the current state of the economy, stood at 30.0, compared to 22.2 in the preliminary report, below the boom-or-bust line for the first time in five months. The coincident index is composed of 11 indicators, of which 10 were available for the revision, with three pointing towards expansion. The lagging index for July was unchanged at 50.0. This index is made up of six indicators. Data for four were available for the revision, with one suggesting expansion, one toward contraction and two unchanged.