Latest data released by the Japanese Cabinet Office – 7 June 2019
- Prior 95.9
- Coincident index 101.9 vs 100.2 expected
- Prior 99.4
Slight delay in the release by the source. That’s the weakest headline reading since December 2012 and that puts into perspective the state of the Japanese economy and where domestic conditions are headed towards since the turn of the year.
Further deterioration in supporting economic data points will surely continue to cast doubt on the government’s plans to raise the sales tax in October and possibly increase calls for the BOJ to step up monetary easing measures.
The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the number.