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Market Update: Japan Leading Index at Near 7-1/2-Year High
The index of leading economic indicators in Japan, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, was at 104.1 in July, unrevised from the flash reading and little-changed from a downwardly revised 104.2 in the prior month, which was the highest reading since February 2014. The latest reading reflected a stabilization in Japan’s economic recovery as COVID-19 vaccinations gained traction. source: Cabinet Office, Japan [/s2If]
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