Japan's leading index improved for a third month in January, preliminary data from the Cabinet Office showed Wednesday.
The leading index, that indicates the direction of the economy in the months ahead, rose 94.9 from 93.8 a month ago. But the reading was slightly below the consensus forecast of 95.
On the other hand, the coincident index fell to 93.1 from 93.6 in December. Economists were expecting a reading of 93.4. The coincident indicator is used to identify the current state of the economy.
The lagging index dipped to 81.1 in January from 83.9 in December.
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