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Market Update: Japan Coincident Index Highest in 16 Months

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Market Update: Japan Coincident Index Highest in 16 Months

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Market Update: Japan Coincident Index Highest in 16 Months
The index of coincident economic indicators in Japan, which consists of a range of data including factory output, employment, and retail sales, was at 95.3 in May 2021, compared with the flash reading of 95.5 and a final 92.9 a month earlier. This was the highest reading since December 2019, buoyed by hopes of a solid economic recovery as the rollout of COVID-19 vaccines accelerated. source: Cabinet Office, Japan [/s2If]
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