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Japan's Leading Index Falls To 4-Month Low

Japan's leading index declined as expected to a four-month low in July, preliminary data from the Cabinet Office showed Monday.

The leading index that measures the future economic activity fell to 104.9 in July, in line with expectations, from 106.5 in June. This was the lowest reading since March, when the score was 103.9.

At the same time, the coincident index, which reflects the current economic activity dropped marginally to 112.2 from 112.3 a month ago.

Meanwhile, the lagging index rose slightly to 115.7 in July from 115.6 in the previous month.

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