Coincident Index Unchanged
17:38 JST, May 11, 2023
TOKYO (Jiji Press) — Japan’s composite index of coincident economic indicators in March was unchanged from the previous month, the Cabinet Office said Wednesday.
A decline in the ratio of effective job openings to job seekers offset positive factors such as a recovery in shipments of durable goods including passenger cars.
The coincident index, which reflects current economic conditions, stood at 98.7 against the 2015 base of 100, the government agency said in a preliminary report. The index was “weakening,” the Cabinet Office said, keeping its assessment unchanged.
Two of the eight component indicators available for the preliminary report made positive contributions to the March index.
While the production of passenger cars and semiconductor manufacturing equipment rose, volumes of exports to the rest of Asia, Europe and the United States fell. Wholesale sales were also sluggish.
The leading index, a yardstick for the economy’s performance months ahead, fell 0.7 points to 97.5 after rising 1.4 points the previous month.
"BUSINESS" POPULAR ARTICLE
Japan, Vietnam Trade Ministers Discuss Supply Chains, IPEF
BOJ Ueda: Japan Increasingly Likely to Hit Inflation Target
Stimulus Package Set to Drive Greater Govt Borrowing; Likely Effectiveness Called into Question
Food, Beverage Price Hikes Show Signs of Easing; Fuel Prices, Consumer Frugality Slowing Down Price Rises
Japan Enters New Phase of Higher Interest Rates; Some See Portents of Further BOJ Policy Shifts Next Year
JN ACCESS RANKING
- Japan, Vietnam Trade Ministers Discuss Supply Chains, IPEF
- BOJ Ueda: Japan Increasingly Likely to Hit Inflation Target
- Stimulus Package Set to Drive Greater Govt Borrowing; Likely Effectiveness Called into Question
- AI-generated Child Porn Floods Japan-based Website (Update 1)