The index for leading economic indicators in Japan, a gauge of the economy a few months ahead that’s compiled using data such as job offers and consumer sentiment, was at 90.8 in November 2019, compared to the preliminary data of 90.9 and after a final 91.6 in the previous period. This was the weakest reading since November 2009, due to persistent Sino-US trade dispute, weak consumer confidence and the recent consumption tax hike. Leading Economic Index in Japan averaged 93.12 points from 1985 until 2019, reaching an all time high of 108 points in April of 2006 and a record low of 72.50 points in February of 2009. source: Cabinet Office, Japan
Leading Economic Index in Japan is expected to be 95.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Japan to stand at 101.00 in 12 months time. In the long-term, the Japan Leading Economic Index is projected to trend around 100.00 points in 2020, according to our econometric models.