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Japan Leading Index Weakens In April

The leading index for Japan declined in April,although the drop was not as severe as expected, the results of a survey by the Cabinet office showed Friday.

The leading index, measuring perceptions about future economic conditions, came in at 106.6 in April, above forecasts for a reading of 106.1. This follows a 107.1 score in March.

The coincident index, a measure of perceptions on the current economic scenario, fell to 111.1 in April from 114.5 in March.

Following the trend, the lagging index, reflecting economic conditions in the recent past, decreased to 116.0 in April from 118.5 in March.

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