Japan Leading Economic Index

Last Release

Jul 31, 2025

Actual

105.9

Units In

Points

105.6

Frequency

Monthly

Next Release

Sep 29, 2025

Time to Release

23 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
112.2 Mar 2024	72.5 Jul 1986	93.01 Points	1985-2025	N/A

In Japan, the Leading Composite Index consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The index anticipates changes in the direction of the Japanese economy in the coming months. In general, increase in the index reflects that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is used to make official judgement on when the business cycle begins and ends.

Latest Updates

Japan’s leading economic index—which reflects the outlook for the coming months based on indicators such as job offers and consumer sentiment—rose to 105.9 in July 2025, up from a downwardly revised 105.1 in June, and in line with market forecasts, according to preliminary estimates. This marked the highest level since March, driven by stronger consumer sentiment, which reached a four-month high in June. The unemployment rate held steady at 2.5%, despite a decline in total employment. Meanwhile, manufacturing activity returned to expansion in June for the first time since May 2024, supported by renewed increases in output. However, household spending eased in June, slowing from May’s surge—the fastest pace since August 2022—reflecting the impact of persistent inflation on consumer activity.