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Japanese Leading Index Falls In May

Japan's leading index declined in May in contrast to the flash estimate, while the coincident index reading was left unrevised, final data from the Cabinet Office showed Thursday.

The leading index that signals the direction of the economy in the months ahead, fell to 95.2 from 95.6 in April. According to the preliminary estimate published on July 6, the index has improved to 95.9.

The coincident index, that measures the current economic activity, dropped to 95.8 from 97 in the previous month. The final reading matched flash estimate. At the same time, the lagging index rose to 86.5 from 86.

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