Japan's key gauge of economic health revised upwards for March

15:02, May 21, 2010      

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Japan's key gauge of the current state of the economy for March was revised upwards, Cabinet Office data showed Friday.

The composite index of coincident economic indicators, Japan's broadest indicator of economic health, which rose a preliminary 1.1 points in March from a month earlier to stand at 101.1, was revised upwards to stand at 101.5, against the 2005 base of 100, the Cabinet Office said.

The index of leading indicators, an economic indicator which predicts conditions over the next several months and consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators was revised downwards, having climbed a preliminary 4.4 points in March to stand at 102.8, which marked a provisional 13th month of consecutive rise.

However, the index of leading indicators currently stands at a downwardly revised 102.7.

The Cabinet Office also revised downwards the index of lagging indicators, which reflects conditions in the recent past, from a provisional standing at 85.4 to a current 85.3 in March, against the 2005 base of 100.

The indexes take in statistics from all aspects of the Japanese economy to demonstrate both the conditions at present and the future outlook for Japan.

Source:Xinhua

(Editor:黄蓓蓓)

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