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Japanese Leading Index Rises For Third Month

Japan's leading index improved for a third month in January, preliminary data from the Cabinet Office showed Wednesday.

The leading index, that indicates the direction of the economy in the months ahead, rose 94.9 from 93.8 a month ago. But the reading was slightly below the consensus forecast of 95.

On the other hand, the coincident index fell to 93.1 from 93.6 in December. Economists were expecting a reading of 93.4. The coincident indicator is used to identify the current state of the economy.

The lagging index dipped to 81.1 in January from 83.9 in December.

by RTT Staff Writer

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