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Japan Leading Indicator Rises Unexpectedly In May

Japan's leading index rose unexpectedly May, preliminary data published by the Cabinet Office revealed Friday.

The leading index rose to 95.9 in May from 95.6 in April. Economists had forecast a decline to 95. The index signals the direction of the economy in the months ahead.

Meanwhile, the coincident index, that measures the current economic activity, fell to 95.8 from 97 in the previous month.

The lagging index came in at 86.1, up from April's 85.9.

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