Japan's Leading Indicators Are Unchanged, But . . .

April 7, 2005
The Conference Board's index of leading economic indicators for Japan held steady in February at 98.7 (1990=100). However, as actual data for real operating profits for the fourth quarter of 2004 have become available, large downward revisions have been ...

The Conference Board's index of leading economic indicators for Japan held steady in February at 98.7 (1990=100).

However, as actual data for real operating profits for the fourth quarter of 2004 have become available, large downward revisions have been made to previous months. "As a result, the leading index has declined slightly over the last six months, well below the 1.5% long-term average growth rate," notes the New York-based business research group. "The slight decline in the leading index in recent months suggests that a sluggish rate of economic growth should continue in the near term," it adds.

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