Leading Economic Index For Japan Rises Slightly

Feb. 12, 2005
The Conference Board's index of leading economic indicators for Japan rose one-tenth of a percentage point in December 2004, the most recent month for which data are available. The business research group's leading index for Japan stands at 99.1 ...

The Conference Board's index of leading economic indicators for Japan rose one-tenth of a percentage point in December 2004, the most recent month for which data are available. The business research group's leading index for Japan stands at 99.1 (1990=100).

The growth rate of the index of leading indicators during the second half of 2004 was "only slightly" below its long-term growth rate, says the Conference Board. And "the current behavior of the leading index suggests that the [Japanese] economy will continue to grow in the near term, probably more rapidly than the recent sluggish rate, but more slowly than the strong growth of late-2003 and early-2004." Japan's inflation-adjusted GDP grew at an annual rate of just three-tenths of a percent in the fourth quarter of 2004.

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