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Article: JAPAN NOV COINCIDENT INDEX STAYS ABOVE 50 FOR 5TH MONTH.
- Article from:
- AsiaPulse News
- Article date:
- January 11, 2000
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TOKYO, Jan 11 Asia Pulse - Japan's diffusion index of coincident economic indicators stood at 62.5 in November, staying above the boom-or-bust line of 50.0 for the fifth straight month, shows a preliminary report released Friday by the Economic Planning Agency.
If the coincident index, a closely-watched barometer of the current state of the economy, remains above 50 for three months in a row, it is usually seen as a sign of economic recovery.
It is the first time the index has stayed above 50 for five straight months since September 1981-January 1982.
The leading index that indicates the economic conditions about six months ahead stood at 57.1 ...