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Japan's coincident index edges up in October

TOKYO
2023-12-07 16:13

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TOKYO, Dec. 7 (Xinhua) -- Japan's composite index of coincident economic indicators edged up 0.2 points in October from the previous month, government data showed on Thursday.

The coincident index that measures the current economic situation grew to 115.9 in October from 114.7 in the previous month, the Cabinet Office said in a preliminary report.

A rise in the coincident index indicates an expansion of economic activity and a decline alludes to a contraction.

The government agency said the index was "improving," maintaining the assessment for the sixth consecutive month.

In addition, the leading index of business conditions, which forecasts the trend in the coming months, decreased by 0.6 points from a month earlier to 108.7 in the cited period, the Cabinet Office said.
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