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Japan revises upwards the coincident index for September-

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  The Japanese government on Thursday revised up its composite index of coincident economic indicators for September According to the Cabinet Office the revised coincident ratio came in at 101 4 versus 100 for the 2015 base year versus 101 1 in the preliminary report released earlier this month The index which reflects current economic conditions was down 0 4 points from the previous month compared with the preliminary reading of a 0 7 point drop An increase in the coincident index indicates an expansion of economic activity and a decrease indicates a contraction Looking ahead the leading index for September a yardstick for economic growth performance in the coming months beat estimates of 97 4 to 97 5 down 3 8 points from the previous month Xinhua
Japan revises upwards the coincident index for September-

Cabinet Office

– The Japanese government on Thursday revised up its composite index of coincident economic indicators for September.

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According to the Cabinet Office, the revised coincident ratio came in at 101.4 versus 100 for the 2015 base year, versus 101.1 in the preliminary report released earlier this month.

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The index, which reflects current economic conditions, was down 0.4 points from the previous month, compared with the preliminary reading of a 0.7 point drop.

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An increase in the coincident index indicates an expansion of economic activity and a decrease indicates a contraction.

Looking ahead, the leading index for September, a yardstick for economic growth performance in the coming months, beat estimates of 97.4 to 97.5, down 3.8 points from the previous month. ■

(Xinhua)

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