The Conference Board Leading Economic Index® (LEI) for Japan declined 0.1 percent in July to 104.2 (2010 = 100), following a 0.8 percent increase in June, and a 0.1 percent increase in May.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, declined 0.1 percent in July to 98.4 (2010 = 100), following a 0.6 percent increase in June, and a 0.1 percent decline in May.
The Conference Board LEI for Japan decreased in July. Its six-month growth rate remains in positive territory, but has slowed considerably compared to the last half of 2014. The CEI also declined, and as a result its six-month growth rate has turned slightly negative. Despite slight declines in both indexes in July, the positive six-month growth and widespread strength in the LEI suggests that the current economic contraction is unlikely to persist through the end of 2015.