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Japan Leading Index Rises Further In July; Trails Expectations

A leading indicator of economic activity in Japan continued to increase in July, though at a less than expected rate, preliminary figures from Cabinet Office showed Friday.

The leading index rose to 106.5 in July from 105.9 in June, when it had risen for the first time in five months. Economists had expected the index to rise to 107.1.

The coincident index, a measure of the current economic situation, edged up to 109.9 in July from 109.7 in the previous month.

Meanwhile, the lagging index, which indicates the past economic situation, dropped to 117.5 during the month from 118.3 in June.

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