Japan Sustains Economic Recovery

For the third consecutive month, the Conference Board's index of leading economic indicators for Japan rose in August, the most recent month for which data are available. Including August's one-tenth percent increase, the index now stands at 99.2 (1990=100).

The strength among the leading economic indicators has become "more widespread in recent months," notes the Conference Board, a New York-based business research group.

During the second quarter of 2005, Japan's GDP growth, adjusted for inflation, was at a 3.3% annual rate, and "the recent behavior of the leading index is consistent with the economy continuing to expand moderately in the near term," says the Conference Board.

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