A leading indicator of the Japanese economy recorded a notable gain in December, signaling improvement in economic activity. But the rate of growth missed economists' expectations, latest data showed Thursday.
The leading economic index increased to 93.4 in December from 92 in November, which was revised down from 92.1, the Cabinet Office said. The latest figure was lower than 93.6 economists had forecast.
At the same time, the coincident economic index, which measures the current situation, moved up to 92.7 in December from 90.2 in the previous month, data showed.
The lagging index, an indicator of past performance of the economy, edged up to 86.3 at the end of 2012 from 86.2, data showed.
by RTT Staff Writer
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